Chico Economic Planning Corporation

Analysis

Chico Economic Planning Corporation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in February 1986, 40 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 June 2023, Chico Economic Planning Corporation reported income of $418k and spending of $454k, spending 109% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $177k to $418k (+136%), an average of +54% a year. The sharpest change came in the year to June 2022, when income rose by 189%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chico Economic Planning Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Throggs Neck Disrict Management Association Inc ($418k), Chicago Blend Group ($418k) and Rutland Makers Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $104k (23% of expenses). Other salaries and wages came to $60k. At year end it held assets of $108k against liabilities of $103k, net assets of $5,294. It reported 2 employees.