California Academy for Economic Development

Analysis

California Academy for Economic Development is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, California Academy for Economic Development reported income of $233k and spending of $227k, spending 97% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $676k to $233k (-65%), an average of -41% a year. The sharpest change came in the year to June 2023, when income rose by 132%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Academy for Economic Development sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Universidad Simon Boliver Alumni Association of America Inc ($233k), Catch the Stars Foundation Inc ($233k) and Pioneer Place IV Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $622k against liabilities of $58k, net assets of $565k.