Fallbrook Community Development Corporation

Analysis

Fallbrook Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Fallbrook Community Development Corporation reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fallbrook Community Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Internal Audit Foundation ($1.1m), Greenhouse-Western Suburbs NFP ($1.1m) and Livermore Playschool Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 105% of the total. Compensation of current officers, directors and key employees was $113k (8.2% of expenses). Other salaries and wages came to $718k. At year end it held assets of $95k against liabilities of $184k, net assets of -$90k. It reported 51 employees.