San Diego County Tobacco Securitization Corporation

Analysis

San Diego County Tobacco Securitization Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Diego County Tobacco Securitization Corporation reported income of $33.4m and spending of $34.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.7m to $33.4m (+2.4%), an average of +0.6% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego County Tobacco Securitization Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include CLC Administrative Services Inc ($33.4m), Hebrew Academy of Cleveland ($33.5m) and Presbyterian Homes in the Presbytery of Lake Erie ($33.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $16.1m against liabilities of $103.4m, net assets of -$87.3m.

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.