CITIZENSHIP EDUCATION FUND
Mission Statement
The Faith Community is a cornerstone, trusted advocate, and provider of resources for communities throughout this country. These institutions not only raise the human spirit, but also provide a centralized location for the ongoing connection of people groups, informational setting, civil engagement and all that is pertinent to its municipal surroundings. Therefore, in light of the need to provide access to technology and the resources therein, the Church has the ability to provide technology and training to the broadest number of stakeholders like no other institution in the urban community. To that end, there is an enormous opportunity to build Technology Labs that can serve youth, entrepreneurs and community members and bring the broader community into the digital economy. The FaithTech tech labs – organized through our 1000 Churches Connected network - can connect the faith community, with schools and educators, community based organizations, the business community, and the home.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
58.7% | 78.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
41.4% | 13.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 6.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.1 mo | 10.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
43.0% | 9.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 96.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-39.5% | 9.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-46.1% | 10.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.7% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $1.5M | $263K | 58.7% | 18 |
| 2023 | $2.5M | $2.8M | $360K | 85.0% | 18 |
| 2022 | $3.4M | $4.0M | $369K | 87.4% | 18 |
| 2021 | $3.6M | $4.0M | N/A | — | 18 |
| 2020 | $5.9M | $3.6M | N/A | — | 18 |
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