Pacific Beach Community Development Corp

Analysis

Pacific Beach Community Development Corp is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Pacific Beach Community Development Corp reported income of $610k and spending of $681k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $518k to $610k (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pacific Beach Community Development Corp 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 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Love-In-Deed Community Development Corporation ($610k), Cobiz Richmond Inc ($610k) and Ade Global Management Systems ($610k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 78% of the total. Other salaries and wages came to $232k. At year end it held assets of $264k against liabilities of $21k, net assets of $243k. It reported 8 employees.