Local Color

Analysis

Local Color is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in July 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 December 2023, Local Color reported income of $1.4m and spending of $641k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $1.4m (+243%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local Color sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Washington Nonprofits ($1.4m), Community Action Association of Pennsylvania ($1.4m) and Sheppard Pratt Investment Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $195k. At year end it held assets of $869k against liabilities of $118k, net assets of $752k. It reported 6 employees.