Lower Polk Community Benefit District

Analysis

Lower Polk Community Benefit District is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2017, 9 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, Lower Polk Community Benefit District reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lower Polk Community Benefit District sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pine Bluff Jefferson County Economic Opportunities Commission ($1.6m), Peters Valley Craft Center Inc ($1.6m) and Why Not Prosper Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $144k (10% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.5m against liabilities of $202k, net assets of $1.2m. It reported 6 employees.