California Council on Economic Education

Analysis

California Council on Economic Education is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 2023, California Council on Economic Education reported income of $549k and spending of $759k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $549k (-56%), an average of -19% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Council on Economic Education sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Oahu Veterans Council ($549k), Parents Place Inc ($549k) and Northeastern Colorado Revolving Loan Fund ($549k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $154k (20% of expenses). Other salaries and wages came to $241k. At year end it held assets of $1.3m against liabilities of $45k, net assets of $1.2m. It reported 6 employees.

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.