Coachella Valley Economic Partnership

Analysis

Coachella Valley Economic Partnership is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 1995, 31 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, Coachella Valley Economic Partnership reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.2m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coachella Valley Economic Partnership sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Dekalb County Community Gardens NFP ($1.2m), Endeavor Detroit ($1.2m) and Emerging Markets Development Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Other salaries and wages came to $510k. At year end it held assets of $414k against liabilities of $488k, net assets of -$74k. 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.