East Bay Asian Local Development Corporation

Analysis

East Bay Asian Local Development Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 1975, 51 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, East Bay Asian Local Development Corporation reported income of $19.5m and spending of $23.2m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.5m to $19.5m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Bay Asian Local Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Partners in Development Foundation ($19.4m), Latino Economic Development Corporation of Washington DC ($19.5m) and Greater Philadelphia Tourism Marketing Corporation ($19.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $1.4m (5.9% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $132.9m against liabilities of $50.6m, net assets of $82.3m. It reported 200 employees.