West Contra Costa Business Development Center

Analysis

West Contra Costa Business Development Center is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in January 1996, 30 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, West Contra Costa Business Development Center reported income of $287k and spending of $278k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $327k to $287k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Contra Costa Business Development Center sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Northeast Neighborhood Partners Inc ($287k), Deshler Community Foundation Inc ($287k) and Sheet Metal Workers Local 15 Joint Apprenticeship Training Committee ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $173k. At year end it held assets of $451k against liabilities of $26k, net assets of $425k. It reported 2 employees.