Childrens Resource Network of the Central Coast

Analysis

Childrens Resource Network of the Central Coast is a registered charity in United States, based in Pismo Beach, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Childrens Resource Network of the Central Coast reported income of $1.2m and spending of $977k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.2m to $1.2m (-45%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Resource Network of the Central Coast sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Food for Families NC Inc ($1.2m), Tomchei Shabbos of Bergen County Inc ($1.2m) and Victorious Life Center Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $162k (17% of expenses). Other salaries and wages came to $23k. At year end it held assets of $728k against liabilities of $54k, net assets of $674k. It reported 3 employees.