Morro Bay Community Quota Fund

Analysis

Morro Bay Community Quota Fund is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Morro Bay Community Quota Fund reported income of $143k and spending of $67k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $244k to $143k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Morro Bay Community Quota Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Freewishes Foundation Inc ($143k), Worldnets Synergy Foundation Inc ($143k) and Hopewell Downtown Partnership Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $1, net assets of $2.5m.