Residents Association of Carlsbad by the Sea Inc

Analysis

Residents Association of Carlsbad by the Sea Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Residents Association of Carlsbad by the Sea Inc reported income of $262k and spending of $253k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $198k to $262k (+33%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Residents Association of Carlsbad by the Sea Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Abs-Cbn Foundation International ($262k), Gerald S and Miriam M Friedkin Supporting Foundation ($262k) and Executive Director Network Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $208k against liabilities of $665, net assets of $208k.