Ircs Center for Economic Opportunity Inc

Analysis

Ircs Center for Economic Opportunity Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ircs Center for Economic Opportunity Inc reported income of $6.0m and spending of $1.4m, leaving 78% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $6.0m (+254%), an average of +37% a year. The sharpest change came in the year to September 2022, when income rose by 105%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ircs Center for Economic Opportunity Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Turning Point Inc ($6.0m), Care for Real ($6.0m) and Creative Enterprises Inc ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $284k (21% of expenses). Other salaries and wages came to $331k. At year end it held assets of $18.3m against liabilities of $5.7m, net assets of $12.6m. It reported 8 employees.