Capital Region Family Businesscenter

Analysis

Capital Region Family Businesscenter is a registered charity in United States, based in Carmichael, CA. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Capital Region Family Businesscenter reported income of $395k and spending of $446k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $444k to $395k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capital Region Family Businesscenter sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include New Hope Resource Center ($394k), Ksheinc ($395k) and Lake Area Citizens Advisory Board Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $126k (28% of expenses). At year end it held assets of $214k against liabilities of $0, net assets of $214k. It reported 1 employees.