Fresno Community Development Financial Institution

Analysis

Fresno Community Development Financial Institution is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fresno Community Development Financial Institution reported income of $4.9m and spending of $5.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $4.9m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fresno Community Development Financial Institution sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Emgage Foundation Inc ($4.9m), Big Brothers Big Sisters of Central Ohio Inc ($4.9m) and Mental Health America of Colorado ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $183k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $27.8m against liabilities of $14.2m, net assets of $13.5m.