So Cal CDC

Analysis

So Cal CDC is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in August 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, So Cal CDC reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.3m (+3.8%), an average of +0.9% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, So Cal CDC sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Philadelphia Association of Community Development Corporations ($1.3m), Vision Galveston Inc ($1.3m) and Plumbers Local 24 Education Fund ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $394k (27% of expenses). Other salaries and wages came to $712k. At year end it held assets of $315k against liabilities of $16k, net assets of $299k. It reported 11 employees.