Tule River Economic Development Corporation

Analysis

Tule River Economic Development Corporation is a registered charity in United States, based in Porterville, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Tule River Economic Development Corporation reported income of $152k and spending of $421k, spending 277% of what it took in. Across the 5 years on record, from September 2018 to September 2022, income fell from $708k to $152k (-79%), an average of -32% a year. The sharpest change came in the year to September 2020, when income rose by 702%. Over the whole period it spent 263% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tule River Economic Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Urban Business Support ($152k), Rapha Christian Counseling Center ($152k) and Racine Revitalization Partnership ($152k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 1.3% of the total. Other salaries and wages came to $13k. At year end it held assets of $7.1m against liabilities of $6.8m, net assets of $303k. It reported 9 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.