Cordova Community Councilfoundation

Analysis

Cordova Community Councilfoundation is a registered charity in United States, based in Rncho Cordova, CA. It received its IRS tax-exemption ruling in April 2008, 18 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, Cordova Community Councilfoundation reported income of $10.9m and spending of $2.0m, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $10.9m (+714%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 552%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cordova Community Councilfoundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Mayors Fund to Advance New York City ($10.9m), Enterprise Professional Services Inc ($10.9m) and Southeastern Minnesota Private Industry Council Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 5.9% of the total. At year end it held assets of $18.9m against liabilities of $1.4m, net assets of $17.5m. It reported 4 employees.