Central Coast Center for Independent Living

Analysis

Central Coast Center for Independent Living is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 September 2023, Central Coast Center for Independent Living reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.9m (+63%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Coast Center for Independent Living sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Regional Enterprises for Adults and Children Inc ($2.9m), Family Place Inc ($2.9m) and Millville Day Care Center ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (3.2% of expenses). Other salaries and wages came to $874k. At year end it held assets of $907k against liabilities of $179k, net assets of $727k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.