Ampac Tri-State CDC Inc

Analysis

Ampac Tri-State CDC Inc is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Ampac Tri-State CDC Inc reported income of $6.0m and spending of $6.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $6.0m (+171%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ampac Tri-State CDC Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Communities in Schools of South Central Texas Inc ($6.0m), Trinity Park Conservancy ($6.0m) and Sharing Happiness Foundation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $308k (5.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $17.9m against liabilities of $11.8m, net assets of $6.1m. It reported 36 employees.