Anaheim Economic Development Corporation

Analysis

Anaheim Economic Development Corporation is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in December 2007, 19 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, Anaheim Economic Development Corporation reported income of $66k and spending of $90k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $66k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income rose by 345%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anaheim Economic Development Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Belton Alliance ($66k), RG Rotary Foundation ($66k) and Tangipahoa Economic Development Foundation Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $57k, net assets of -$14k.