City Fund is a 501(c)(3) organization based in Beaverton, Oregon, registered in 2018, with $58,768,233 in FY2024 revenue. CharityIndex grades it C, and it directs about 95% of spending to programs.
Revenue (FY2024)
$58.8M
▼ 50.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$127.3M
Net assets
$42.9M
Employees
0
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 City Fund: 95% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
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 City Fund: 4 mo reserves · -117% margin earns a F on this criterion. See the exact thresholds →
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 City Fund: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
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 City Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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To support city-based non-profit organizations in their efforts to improve (continued on sch. o)public education outcomes for local children.
Revenue declined from $79.0M (FY2018) to $58.8M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-116.6%
Spent more than it raised in the latest fiscal year.
Total assets
$59.7M
Total liabilities
$16.8M
Net assets
$42.9M
Salaries & benefits
$12.3M
10% of expenses
Board members
4
4 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $58,768,233▼50.4% | $127,313,744▲29.3% | $42,940,387▼61.3% | $59,707,884▼49.7% | 990 |
| 2023 | $118,596,237▲114% | $98,489,750▲77.6% | $111,057,770▲22.1% | $118,681,087▲9.2% | 990 |
| 2022 | $55,405,330▼52.2% | $55,448,793▼36.2% | $90,951,283▲0.8% | $108,692,498▼8.4% | 990 |
| 2021 | $115,823,271▼0.7% | $86,900,051▲9.5% | $90,264,068▲47.2% | $118,722,969▲81.9% | 990 |
| 2020 | $116,584,341▲47.6% | $79,393,094▲44.0% | $61,340,848▲145% | $65,263,828▲63.3% | 990 |
| 2018 | $78,982,333 | $55,124,298 | $25,031,718 | $39,965,929 | 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.
Highest-paid: Marlon Marshall — $494,290 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Marlon Marshall | Ceo | 36 | $494,290 |
| Kevin Shafer | President | 37 | $460,420 |
| Patrick Dobard | Partner | 39 | $417,613 |
| Christopher Jeffrey Barbic | Partner | 39 | $417,497 |
| Kameelah Shaheed-diallo | Partner | 39 | $417,450 |
| Gary Vernon Borden | Partner | 37 | $413,801 |
| Jessica Pena | Partner | 38 | $408,889 |
| Natasha Williams | Cfo | 32 | $343,965 |
| Elisa Villanueva Beard | Director | 1 | — |
| John Arnold | Chair | 1 | — |
| Reed Hastings | Treasurer | 1 | — |
| Romy Drucker | Director | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Kitamba Mgt LLC | Consulting | $949,544 |
| Cedar Hill Consulting LLC | Consulting | $495,000 |
| The 74 Media Inc | Consulting | $300,000 |
| Murmuration Inc | Consulting | $300,000 |
| Exponent Education | Consulting | $295,900 |
14 grants to City Fund totaling $185.0M, reported by foundations on their Schedule I filings.
121 grants totaling $109.3M in FY2024 — showing the 15 largest. All grants made by City Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| New Schools For New Orleans Inc | To support nsnos work to increase high-quality seats, support teacher and leader development programs, and improve communications strategies and advocacy regarding their unique ecosystem of school | $10,416,000 |
| The Mind Trust Inc | To support the expansion of high-quality public schools for students in indianapolis | $10,000,000 |
| New Jersey Childrens Foundation | To support the expansion of high-quality public schools for students in newark, nj | $9,410,000 |
| The Opportunity Trust | To support the opportunity trusts strategic plan to increase high-quality school options for st. louis students and families. | $8,900,000 |
| Camden Education Fund Inc | To increase the share of high-quality seats in the city of camden, support schools in their recovery from the pandemic and ability to meet all students needs, invest in the local and statewide ecosystems to help families choose the best schools with the ultimate goal of driving accelerated and sustainable improvements in the citys public education system | $8,150,000 |
| Education Forward Dc | To expand access to high-quality schools for district of columbia students and families and continue to solidify and increase autonomous seats market share in dc so the nations capital can serve as a proof point for what is possible around the country | $5,465,000 |
| Rochester Education Association For the Development of Youth Inc | To support increasing quality charter growth in rochester and improving the education and life outcomes for rochester students | $5,262,000 |
| New Schools For Baton Rouge | To expand successful local and regional charter operators including creating new high-quality seats, to attract high-performing national networks, and to incubate innovative models | $5,000,000 |
| Rooted | To support growing seats in non-profit schools, support advocacy, invest in communications capacity, and provide leadership to the denver education ecosystem | $4,743,000 |
| San Antonio Area Foundation | To support new seats, improve quality at several early stage operators and develop merger and closure strategies if performance does not improve, and build communications and advocacy strength | $4,324,000 |
| Equitable Facilities Fund Inc | To support low-cost facility financing for high-performing and high-potential charter schools across missouri seeking to grow, replicate, or launch. | $4,000,000 |
| Every Student Every Community Inc | To support redefined atlanta's work to grow the impact of quality autonomous school options for atlanta's most historically marginalized and under-resourced communities by strengthening authorization pathways and supporting education-focused grassroots mobilizing efforts, driving school leader pipelines, and launching new charter schools | $3,195,000 |
| Rhode Island Education Collective Inc | To develop and support a positive education ecosystem that advances the mission of more high-quality charter options for students in providence | $2,700,000 |
| City Forward Collective Inc | To support its strategic plan to expand the growth of quality charter schools and improve academic outcomes for milwaukee students | $2,200,000 |
| Blaque Dated 5-25-2020 | To re-launch charter school growth in kansas city to increase charter share and expand quality; to continue coalition building and non-lobby advocacy to build the education ecosystem in kansas city. | $2,000,000 |
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Data for City Fund (EIN 82-4938743) 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.