Public Charity

CITIES FOR FINANCIAL EMPOWERMENT FUND INC

Based in NEW YORK, NY, CITIES FOR FINANCIAL EMPOWERMENT FUND INC operates as a Public Charity. The organization reported $17.3M in revenue, $14.3M in expenses, $27.1M in total assets for fiscal year 2025. Imperigo tracks 11 reported grant relationships connected to this organization totaling approximately $8.1M.

EIN: 463612187 NEW YORK, NY Community Improvement & Capacity Building N.E.C. NTEE: S99 Latest filing: 2025
Total Revenue$17.3M
Total Expenses$14.3M
Total Assets$27.1M
Grant Records11
Funding Total$8.1M
Filing Years2021–2025

Mission

SEE SCHEDULE OTHE CFE FUND'S MISSION IS TO LEVERAGE MUNICIPAL ENGAGEMENT TO IMPROVE THE FINANCIAL STABILITY OF HOUSEHOLDS BY EMBEDDING FINANCIAL EMPOWERMENT STRATEGIES INTO LOCAL GOVERNMENT INFRASTRUCTURE. THE CFE FUND FOCUSES PROGRAMMATIC, RESEARCH, AND POLICY EFFORTS TOWARDS DESIGNING, EMBEDDING, AND REPLICATING FINANCIAL EMPOWERMENT INITIATIVES WITHIN LOCAL GOVERNMENT.

Where $100 goes at Cities for Financial Empowerment Fund Inc

How Cities for Financial Empowerment Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$90 Programs the work itself
$6 Management running the organization
$4 Fundraising raising the next dollar

Inside the $90 for programs

$59
Financial empowerment centersmunicipal financial empowerment centers (fecs) offer professional, one-on-one financial counseling as a free public service
66% of program spending · Reported in the filing: 200,000 clients
$14
Additional cfe fund programs include
15% of program spending
$9
City start the citystart initiative provides structured support to help local governments identify financial empowerment goals, convene relevant stakeholders, and develop actionable strategies, culminating in the creation of…
10% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRINCIPAL Aaron Hirsh
CHIEF OPERATING OFFICER Amelia Erwitt
SECRETARY Cathleen Mahon
SENIOR PRINCIPAL David Rothstein
SENIOR DIRECTOR Elisa Lopez
PRESIDENT AND CEO Jonathan Mintz

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$7,791,776 7 grants
Economic Development
$150,000 1 grant
Research & Policy
$100,000 1 grant
Fundraising & Sponsorship
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $17.3M $14.3M $27.1M
2024 $4.0M $12.3M $23.6M
2023 $7.6M $10.4M $27.2M
2022 $27.3M $11.3M $29.7M
2021 $8.0M $14.3M $14.7M

Between 2021 and 2025, reported annual revenue grew from $8.0M to $17.3M (+116%), with total assets most recently reported at $27.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for CITIES FOR FINANCIAL EMPOWERMENT FUND INC

Complete financials, all 11 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time