Mid-Peninsula San Carlos Corporation

Analysis

Mid-Peninsula San Carlos Corporation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Mid-Peninsula San Carlos Corporation reported income of $120k and spending of $1.5m, spending 1274% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $120k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 941% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Peninsula San Carlos Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Ramsey Junior Football Association Inc ($120k), Blueprint Geneva Inc ($120k) and Bloomington Symphony Orchestra Association Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $952k against liabilities of $7.6m, net assets of -$6.7m.

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.