Community Improvement (S20Z) IRS Verified DX Registered 990 on File

THE MAYORS FUND TO ADVANCE NEW YORK CITY

EIN: 13-3783906 · NEW YORK, NY 10007-2748 · United States · FY 2023 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 64/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The Mayor's Fund to Advance New York City cultivates partnerships that combine the incomparable reach of government with the entrepreneurial spirit of the private sector to create a stronger and more just city for all New Yorkers. The Mayor's Fund and its partners advance initiatives that improve the lives of New Yorkers from all walks of life and across all five boroughs. In particular, the Mayor's Fund has made strategic investments to promote mental health services for all New Yorkers, increase workforce development opportunities for young New Yorkers, and meet the needs of New York City's diverse immigrant community.

Financial Overview — FY 2023

$10.9M

Total Revenue

$11.3M

Total Expenses

$14.2M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 95.3%

Fundraising Efficiency N/A

Operating Reserve 15.07x

Liability-to-Asset 10.9%

Revenue Diversification 95.2%

Executive Compensation $294K

Compared with Peers

FY 2023

Compared with 373 similar organizations (United States, Community Improvement, $10M–$100M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	95.3%	89.8%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	2.0%	8.7%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.8%	0.1%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	15.1 mo	6.9 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	10.9%	41.3%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	95.2%	92.9%	P10P90	Below median
Revenue growth Year over year revenue growth	-44.0%	7.4%	P10P90
Expense growth Year over year expense growth	-44.4%	11.2%	P10P90
Surplus margin Surplus as a share of revenue	-4.3%	0.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$10.9M	$11.3M	$14.2M	95.3%	16
2022	$19.4M	$20.4M	$15.3M	96.4%	14
2021	$18.6M	$27.9M	N/A	—	22

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Organization Details

EIN: 13-3783906
State: NY
City: NEW YORK
ZIP: 10007-2748
Classification: S20Z
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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