Santa Clara County Tobacco Securitization Corporation

Analysis

Santa Clara County Tobacco Securitization Corporation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Santa Clara County Tobacco Securitization Corporation reported income of $204k and spending of $16.0m, spending 7872% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $147k to $204k (+39%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 8540% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Clara County Tobacco Securitization Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Leon Volunteer Fire Department Inc ($204k), The Bethany House Inc ($204k) and Historic Alexandria Foundation ($204k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $943k against liabilities of $281.4m, net assets of -$280.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.