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The Mayors Fund to Advance New York City

EIN 13-3783906 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

UNIQUELY POSITIONED TO WED THE INCOMPARABLE REACH OF GOVERNMENT WITHTHE FLEXIBILITY AND ENTREPRENEURIAL SPIRIT OF THE PRIVATE SECTOR, THEMAYOR'S FUND LEVERAGES A DEEP WELL OF CIVIC GOODWILL TO SUPPORT NEWYORKERS AND NEW YORK CITY, IN ORDER TO BUILD INNOVATIVE PUBLIC-PRIVATE PARTNERSHIPS THAT ADDRESS CRITICAL CITY NEEDS WITH THE SUPPORT OF TRADITIONAL PHILANTHROPY AND PRIVATE SECTOR CIVIC INVESTORS.

Income
$8.6 million
Spending
$9.3 million
Spent on programs
96%
Reserves
0.6 months of spending
Largest source of income
donations and private grants, 84%
Employees
10
Volunteers
0
Highest pay
$165,175, vice president (former)

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 19% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.6 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 8% of income.

  • Income trend

    5 of 15

    Income fell 22% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $1.6 million spent. SEE SCHEDULE ODATA-DRIVEN SOLUTIONS FOR COMPLEX URBAN CHALLENGESTHE MAYOR'S OFFICE OF POLICY AND PLANNING WAS DEVELOPED THROUGH BLOOMBERG PHILANTHROPIES' INNOVATION TEAM (I-TEAM) PROGRAM, WHICH SUPPORTS CITIES IN DESIGNING RESIDENT-CENTERED SOLUTIONS TO PRESSING CHALLENGES.THE NYC I-TEAM DEPLOYS SPECIALIZED STAFF WHO LEVERAGE DATA, COMMUNITY INSIGHTS, AND CROSS-SECTOR COLLABORATION TO DELIVER MEASURABLE OUTCOMES.TO DATE, NYC I-TEAM HAS: - PARTNERED WITH 86 STAKEHOLDER ORGANIZATIONS, INCLUDING 35% CITY AGENCIES - LED 14 COMMUNITY-BASED ENGAGEMENT INITIATIVESKEY INITIATIVES INCLUDE: - DISTRIBUTION OF 7,300 BABY BOXES AND NEW FAMILY RESOURCE GUIDES THROUGH NYC HEALTH + HOSPITALS - LAUNCH OF A NYCHA EARNED INCOME TAX CREDIT CAMPAIGN SERVING 50,000+ RESIDENTS - EXPANSION OF UNIVERSAL AFTERSCHOOL WITH DYCD, ADDING 40 NEW SITES AND 5,000 NEW SEATS (FALL 2025)THE MAYOR'S FUND IS A PROUD PARTNER IN ADVANCING THIS WORK UNDER THE LEADERSHIP OF THE FIRST DEPUTY MAYOR'S OFFICE.
  2. $2.3 million spent. SEE SCHEDULE OTHE NYC CHILDCARE QUALITY AND INNOVATION INITIATIVE STRENGTHEN FAMILIES' ACCESS TO AFFORDABLE CHILDCARE THROUGH TARGETED COMMUNITY OUTREACH AND HANDS-ON ENROLLMENT SUPPORT.THROUGH STRATEGIC PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS AND INVESTMENTS IN STAFFING CAPACITY, THE CITY HAS LAUNCHED A COORDINATED SYSTEM TO EXPAND ACCESS WHILE IMPROVING THE QUALITY OF CHILDCARE SERVICES--PARTICULARLY IN HISTORICALLY UNDERSERVED COMMUNITIES.IN PARTNERSHIP WITH THE OFFICE OF CHILDCARE AND EARLY CHILDHOOD EDUCATION AND THE ADMINISTRATION FOR CHILDREN'S SERVICES, THE MAYOR'S FUND HAS SUPPORTED APPROXIMATELY 6,000 FAMILIES IN NAVIGATING THE APPLICATION PROCESS FOR GOVERNMENT-SUBSIDIZED CHILDCARE VOUCHERS.
  3. $467,409 spent. SEE SCHEDULE OMOBILIZING PUBLIC PRIVATE PARTNERSHIPS FOR YOUTH AND FAMILIESA KEY FOCUS OF THE MAYOR'S FUND'S PARTNERSHIP WITH NYC SERVICE HAS BEEN SECURING IN-KIND AND FINANCIAL CONTRIBUTIONS TO SUPPORT: - NEW YORK CITY AMERICORPS - NYC CIVIC CORPS - SECRET SNOWFLAKE PROGRAMMINGTHE MAYOR'S OFFICE'S SECRET SNOWFLAKE INITIATIVE CONNECTS PRIVATE-SECTOR EMPLOYEES WITH YOUTH ACROSS NEW YORK CITY THROUGH GIFT DONATIONS AND ESSENTIAL SUPPORT.DONORS PROVIDED APPROXIMATELY 14,000 GIFTS, INCLUDING GAMES, BOOKS, AND WINTER CLOTHING, TO CHILDREN AND YOUTH (UP TO AGE 18) RECEIVING CITY SERVICES--INCLUDING THOSE IN FOSTER CARE, SHELTERS, TEMPORARY HOUSING, AND KINSHIP CARE HOUSEHOLDS.
  4. $4.7 million spent. OTHER

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1995.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.