Superior California Economic Development Inc

Analysis

Superior California Economic Development Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Superior California Economic Development Inc reported income of $1.5m and spending of $1.1m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.8m to $1.5m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2022, when income dropped by 63%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Superior California Economic Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Catapult Lakeland Inc ($1.5m), Lake County Land Reutilization Corp ($1.5m) and People Making Progress ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $167k (16% of expenses). Other salaries and wages came to $160k. At year end it held assets of $8.8m against liabilities of $1.3m, net assets of $7.6m. It reported 6 employees.