San Pablo Economic Development Corporation Inc

Analysis

San Pablo Economic Development Corporation Inc is a registered charity in United States, based in San Pablo, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, San Pablo Economic Development Corporation Inc reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.1m (+52%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, San Pablo Economic Development Corporation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include My Fathers House a Community Shelter Inc ($2.1m), Yes in My Back Yard ($2.1m) and Hanac Spiti Management Company Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $187k (10% of expenses). Other salaries and wages came to $573k. At year end it held assets of $4.5m against liabilities of $1.4m, net assets of $3.1m. It reported 11 employees.