Inland Empire Tobaccosecuritization Corporation

Analysis

Inland Empire Tobaccosecuritization Corporation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Inland Empire Tobaccosecuritization Corporation reported income of $10.2m and spending of $9.3m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $12.9m to $10.2m (-21%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inland Empire Tobaccosecuritization Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Mother of Perpetual Help Residence Inc ($10.2m), Community Action for Improvement Inc ($10.2m) and Southwestern Pennsylvania Corporation ($10.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $238.6m against liabilities of $204.7m, net assets of $33.9m.