Tzicatl Community Development Corporation

Analysis

Tzicatl Community Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tzicatl Community Development Corporation reported income of $4.0m and spending of $3.4m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $823k to $4.0m (+380%), an average of +69% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tzicatl Community Development Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Nacdc Financial Services Inc ($3.9m), West Kentucky Workforce Development Board ($4.0m) and Women Employed ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 53% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $4.2m against liabilities of $4.8m, net assets of -$677k. It reported 59 employees.