Fresno Area Community Enterprises Inc

Analysis

Fresno Area Community Enterprises Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. 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 December 2023, Fresno Area Community Enterprises Inc reported income of $248k and spending of $318k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $267k to $248k (-7.2%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. 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, Fresno Area Community Enterprises Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Ibero-American Action League Inc ($248k), Palmetto State Arts Education ($248k) and Jewish Historical Society of Upper Midwest Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $129k. At year end it held assets of $48k against liabilities of $33k, net assets of $14k. It reported 26 employees.