Yuba Sutter Economic Development Corporation

Analysis

Yuba Sutter Economic Development Corporation is a registered charity in United States, based in Yuba City, CA. It received its IRS tax-exemption ruling in April 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 (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, Yuba Sutter Economic Development Corporation reported income of $755k and spending of $670k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $755k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yuba Sutter Economic Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Eb Foundation Inc ($753k), Ripple Effect Entrepreneurs Fund Inc ($755k) and New Haven Innovation Labs Inc ($753k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $120k (18% of expenses). Other salaries and wages came to $191k. At year end it held assets of $2.1m against liabilities of $710k, net assets of $1.4m. It reported 4 employees.