Decro Corporation

Analysis

Decro Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in October 1993, 33 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 December 2023, Decro Corporation reported income of $10.8m and spending of $17.5m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $10.8m (+509%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Decro Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Turning Point Inc ($10.8m), Rose Brooks Center Inc ($10.8m) and The Fay School ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $511k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $254.6m against liabilities of $244.2m, net assets of $10.4m. It reported 10 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.