Central Coast Energy Services Inc

Analysis

Central Coast Energy Services Inc is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Central Coast Energy Services Inc reported income of $13.2m and spending of $12.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $13.2m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Coast Energy Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Family Service Society of Yonkers ($13.2m), Highland Manor Inc ($13.2m) and Genesis Womens Shelter & Support ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $384k (3.0% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.0m. It reported 104 employees.