College Area Economic Development Corporation

Analysis

College Area Economic Development Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1996, 30 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 2024, College Area Economic Development Corporation reported income of $596k and spending of $595k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $489k to $596k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, College Area Economic Development Corporation 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 Steinway Street District Management Association Inc ($596k), Savannah Electrical Joint Apprenticeship and Training Trust ($596k) and North Fork Community Development ($595k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Other salaries and wages came to $105k. At year end it held assets of $168k against liabilities of $102k, net assets of $66k. It reported 2 employees.