Bolinas Community Inc

Analysis

Bolinas Community Inc is a registered charity in United States, based in Bolinas, CA. It received its IRS tax-exemption ruling in July 1971, 55 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, Bolinas Community Inc reported income of $284k and spending of $327k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $155k to $284k (+83%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bolinas Community Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Akron Development Corporation ($284k), Birmingham Community Coalition Inc ($284k) and Tle Center for Urban Entrepreneurship Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $23k (7.1% of expenses). Other salaries and wages came to $69k. At year end it held assets of $820k against liabilities of $336k, net assets of $483k. It reported 6 employees.