Greater Sacramento Area Economic Council

Analysis

Greater Sacramento Area Economic Council is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 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 June 2023, Greater Sacramento Area Economic Council reported income of $2.9m and spending of $4.8m, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income rose by 217%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Sacramento Area Economic Council sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Prospera Community Development ($2.9m), DC Greens Inc ($2.9m) and Wilkes Vocational Services Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $915k (19% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $14.1m against liabilities of $772k, net assets of $13.4m. It reported 19 employees.