C40 Cities Climate Leadership Group Inc
81% goes to programs $0 to raise $100 Strong reserves Growing revenue
C40 Cities Climate Leadership Group Inc is a 501(c)(3) organization based in New York, New York, registered in 2013, with $73,614,205 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
120 Park Avenue Floor 23, New York, NY, 10017 EIN 90-0634376 Since 2013
Revenue (FY2024)
$73.6M
▲ 55.9% vs prior year
Environment median: $250K
Expenses (FY2024)
$69.6M
Net assets
$39.5M
Employees
29
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating81% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For C40 Cities Climate Leadership Group Inc: 81% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For C40 Cities Climate Leadership Group Inc: 7 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For C40 Cities Climate Leadership Group Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For C40 Cities Climate Leadership Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
C40 is a network of the world's megacities committed to addressing climate change.
Contact & location
- Address
- 120 Park Avenue Floor 23, New York, NY, 10017
- City
- New York
- State
- New York
- Category
- Environment
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.0M (FY2018) to $73.6M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.4MNet assets $39.5M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$43.9M
Total liabilities
$4.4M
Net assets
$39.5M
Salaries & benefits
$38.3M
55% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,614,205▲55.9% | $69,615,007▲13.3% | $39,532,795▲17.5% | $43,927,306▲13.9% | 990 |
| 2023 | $47,220,199▼13.2% | $61,416,603▲58.4% | $33,654,597▼29.7% | $38,571,730▼26.1% | 990 |
| 2022 | $54,380,631▲20.4% | $38,765,181▲14.1% | $47,851,001▲48.4% | $52,177,936▲48.9% | 990 |
| 2021 | $45,171,282▲38.4% | $33,981,598▲10.3% | $32,235,551▲53.2% | $35,030,897▲48.4% | 990 |
| 2020 | $32,632,140▲6.2% | $30,812,024▲6.6% | $21,045,867▲9.5% | $23,610,427▲4.7% | 990 |
| 2019 | $30,723,237▼0.9% | $28,899,663▲7.5% | $19,225,753▲10.5% | $22,540,607▲12.6% | 990 |
| 2018 | $30,995,340 | $26,882,422 | $17,402,179 | $20,017,765 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mark Watts — $244,137 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Watts | Executive Director | 40 | $244,137 |
| Kevin Austin | Deputy Executive Director | 40 | $208,389 |
| Aditi Maheshwari | Managing Director of Climate Action Implementation | 40 | $207,110 |
| Iyad Kheirbek | Programme Director, Air Quality | 40 | $165,503 |
| Laura Jay | Regional Director North America | 40 | $150,378 |
| Zachary Tofias | Programme Director, Food and Waste | 40 | $143,521 |
| Julia Ciardullo | Director, Multilevel Partnerships | C40 X Gcom Joint Program | 40 | $142,142 |
| Juliette Carter | Managing Director of Corp Services | 32 | $128,727 |
| Antha Williams | Treasurer and Director | 0.1 | — |
| Bruce Lindsey | Secretary and Director | 0.1 | — |
| Carolina Urrutia | Director (until 01/2024) | 0.1 | — |
| Hongpeng Lei | Director | 0.1 | — |
| Jennifer Semakula Musisi | Director | 0.1 | — |
| Jesper Nygard | Director | 0.1 | — |
| Maria Vittoria Beria | Director | 0.1 | — |
| Michael R Bloomberg | President and Director | 0.1 | — |
| Shirley Rodrigues | Vp and Director | 0.1 | — |
| Sri Haryati | Director | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Iclei - Local Governments For Sustainability | Environmental Services | $1,075,622 |
| Remote Europe Holding Bv | Payroll & Employment Services | $1,046,973 |
| Ambrosetrinet Group | Payroll & Employment Services | $1,019,709 |
| Org Mun Dial De Ciudades Y Gobiernos Locales | Environmental Services | $509,949 |
| Cpcs Transcom Limited | Management & Consulting Services | $361,088 |
Grants received · $23.4M total
34 grants to C40 Cities Climate Leadership Group Inc totaling $23.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Climateworks Foundation | To protect the climate, reduce pollution, and strengthen economies ($400,000); to support the global transition to clean transportation ($1,350,000) | 2024 | $1,750,000 |
| Rockefeller Philanthropy Advisors Inc | Environment | 2024 | $714,179 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $580,000 |
| Resources Legacy Fund | Land or marine conservation, climate change, and/or environmental equity and justice | 2024 | $463,000 |
| New Venture Fund | Environmental programs | 2024 | $8,000 |
| Windward Fund | Environmental programs | 2023 | $4,500,000 |
| Donor Advised Charitable Giving | Environmental and animals | 2023 | $4,000,000 |
| World Resources Institute | Promote envir sustainable transport solutions | 2023 | $1,552,740 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $1,515,000 |
| Climateworks Foundation | Project support | 2023 | $1,084,334 |
| Silicon Valley Community Foundation | Environment | 2023 | $300,000 |
| Climateworks Foundation | Project support | 2022 | $1,550,000 |
| World Resources Institute | Promote envir sustainable transport solutions | 2022 | $381,264 |
| Windward Fund | Environmental programs | 2022 | $349,953 |
| Rockefeller Philanthropy Advisors Inc | General | 2022 | $297,422 |
Grants made · $518K in FY2024
2 grants totaling $518K in FY2024. All grants made by C40 Cities Climate Leadership Group Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| World Resources Institute | Support and collaborating with scale partners | $400,000 |
| Urban Sustainability Directors Network | To achieve greater influence and outcomes for local governments | $118,027 |
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Frequently asked questions
- Is C40 Cities Climate Leadership Group Inc a legitimate nonprofit?
- Yes. C40 Cities Climate Leadership Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-0634376, based in New York, New York. Donations are tax-deductible.
- What is C40 Cities Climate Leadership Group Inc's EIN?
- C40 Cities Climate Leadership Group Inc's Employer Identification Number (EIN) is 90-0634376.
- How much revenue does C40 Cities Climate Leadership Group Inc report?
- C40 Cities Climate Leadership Group Inc reported $73,614,205 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of C40 Cities Climate Leadership Group Inc's spending goes to programs?
- C40 Cities Climate Leadership Group Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does C40 Cities Climate Leadership Group Inc have?
- CharityIndex grades C40 Cities Climate Leadership Group Inc A, based on program efficiency and fundraising cost.
- How much does C40 Cities Climate Leadership Group Inc's highest-paid employee make?
- The highest reported compensation on C40 Cities Climate Leadership Group Inc's latest Form 990 is $244,137, paid to Mark Watts (Executive Director).
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Data for C40 Cities Climate Leadership Group Inc (EIN 90-0634376) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.