National Center for Employee Ownership

Analysis

National Center for Employee Ownership is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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, National Center for Employee Ownership reported income of $4.4m and spending of $4.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Center for Employee Ownership sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Agency of International Cooperation for Development ($4.4m), Surfings Evolution & Preservation Foundation Inc ($4.4m) and Harmony Community Development Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $533k (13% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.0m. It reported 24 employees.