California Southern Small Business Development Corporation

Analysis

California Southern Small Business Development Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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, California Southern Small Business Development Corporation reported income of $2.8m and spending of $1.3m, leaving 55% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $860k to $2.8m (+230%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Southern Small Business Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include St George Academy ($2.8m), St Elizabeths School ($2.8m) and Smart Start of Brunswick County Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $291k (23% of expenses). Other salaries and wages came to $661k. At year end it held assets of $6.7m against liabilities of $311k, net assets of $6.4m. It reported 6 employees.