North County Economic Foundation

Analysis

North County Economic Foundation is a registered charity in United States, based in Atascadero, CA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, North County Economic Foundation reported income of $63k and spending of $61k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $63k (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North County Economic Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Charles J Dannatt Trust ($63k), One Love Movement ($63k) and Rotary Club of Kent Foundation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4,853 against liabilities of $391, net assets of $4,462.