Eel Holdings & Development

Analysis

Eel Holdings & Development is a registered charity in United States, based in Bellflower, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eel Holdings & Development reported income of $163k and spending of $170k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $254k to $163k (-36%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eel Holdings & Development sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Nami-Ventura County ($163k), The Westminster Foundation Inc ($163k) and International Order of the Rainbow Girls ($163k).

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 $2.8m against liabilities of $1.3m, net assets of $1.5m.