Long Beach Economic Partnership

Analysis

Long Beach Economic Partnership is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Long Beach Economic Partnership reported income of $390k and spending of $563k, spending 144% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $40k to $390k (+882%), an average of +58% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Long Beach Economic Partnership 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 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Edpa Foundation Inc ($390k), C Waldo Scott Center for H O P E Inc ($390k) and North Flatbush Avenue District Management Association Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $331k against liabilities of $45k, net assets of $286k.