Perris Community Economic Development Corporation

Analysis

Perris Community Economic Development Corporation is a registered charity in United States, based in Perris, CA. It received its IRS tax-exemption ruling in December 2015, 11 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, Perris Community Economic Development Corporation reported income of $200k and spending of $696k, spending 348% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $243k to $200k (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 248% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perris Community Economic Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Missouri Valley Crisis Center Inc ($200k), Open Heart Leaders ($200k) and Magnolia Better Together ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% of the total. Other salaries and wages came to $113k. At year end it held assets of $2.4m against liabilities of $133k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.