The Folsom Cordova Community Partnership

Analysis

The Folsom Cordova Community Partnership is a registered charity in United States, based in Rncho Cordova, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Folsom Cordova Community Partnership reported income of $3.5m and spending of $3.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.5m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Folsom Cordova Community Partnership sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Peace House Inc ($3.5m), Medina Creative Accessibility ($3.5m) and Third Street Alliance for Women and Children ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (4.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.7m against liabilities of $480k, net assets of $1.2m. It reported 58 employees.