1951 Coffee Company

Analysis

1951 Coffee Company is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover employment, 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, 1951 Coffee Company reported income of $765k and spending of $771k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $765k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1951 Coffee Company sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Aire Ventures Inc ($764k), Kent Downtown ($766k) and Acts Foundation ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $65k (8.4% of expenses). Other salaries and wages came to $264k. At year end it held assets of $649k against liabilities of $34k, net assets of $614k. It reported 19 employees.