Small Business Majority Foundation Inc

Analysis

Small Business Majority Foundation Inc is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Small Business Majority Foundation Inc reported income of $5.3m and spending of $5.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small Business Majority Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Arcata Economic Development Corporation ($5.3m), SFS Development Inc ($5.3m) and Heart of Oregon Corps Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $501k (9.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $9.1m against liabilities of $6.8m, net assets of $2.3m. It reported 36 employees.