South County Economic Development Council

Analysis

South County Economic Development Council is a registered charity in United States, based in National 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 June 2023, South County Economic Development Council reported income of $478k and spending of $509k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $597k to $478k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South County Economic Development Council sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Pacific Art League of Palo Alto ($478k), Glacier Nordic Club Inc ($478k) and Isabella County Child Advocacy Center ($478k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $147k (29% of expenses). Other salaries and wages came to $179k. At year end it held assets of $805k against liabilities of $56k, net assets of $749k. It reported 3 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.