Eureka 1923 Public Benefit Corporation

Analysis

Eureka 1923 Public Benefit Corporation is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in August 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Eureka 1923 Public Benefit Corporation reported income of $64k and spending of $77k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $96k to $64k (-34%), an average of -7.8% a year. The sharpest change came in the year to June 2024, when income rose by 61%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eureka 1923 Public Benefit Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Junior League of Victoria ($64k), Junior League of Oakland East Bay Inc ($64k) and California Association of Public Health Laboratory Directors ($64k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 2.3% of the total. At year end it held assets of $68k against liabilities of $15k, net assets of $53k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.