Alameda County Tobacco Asset Securitization Corporation

Analysis

Alameda County Tobacco Asset Securitization Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alameda County Tobacco Asset Securitization Corporation reported income of $17.2m and spending of $19.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $17.2m (+5.6%), an average of +1.4% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alameda County Tobacco Asset Securitization Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Community Action Partnership of Lancaster and Saunders Counties ($17.2m), The Mental Health Association of Oregon ($17.2m) and Birch Hill Terrace ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $19.3m against liabilities of $296.1m, net assets of -$276.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.