Adelanto Community Benefit Corporation

Analysis

Adelanto Community Benefit Corporation is a registered charity in United States, based in Adelanto, CA. It received its IRS tax-exemption ruling in February 2010, 16 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adelanto Community Benefit Corporation reported income of $101k and spending of $95k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $101k (+332%), an average of +332% a year. The sharpest change came in the year to December 2023, when income rose by 332%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Adelanto Community Benefit Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Junior League of Colorado Springs ($101k), Olympia Kiwanis Foundation ($102k) and Bethesda Community Development Corporation ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $86k against liabilities of $3,717, net assets of $82k.