California Center for Economic Initiatives

Analysis

California Center for Economic Initiatives is a registered charity in United States, based in Compton, CA. It received its IRS tax-exemption ruling in February 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California Center for Economic Initiatives reported income of $330k and spending of $330k, spending 100% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $106k to $330k (+213%), an average of +213% a year. The sharpest change came in the year to June 2023, when income rose by 213%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Center for Economic Initiatives sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include For Peace Inc ($330k), International Hartford Ltd ($330k) and The Manhattan Beach Old Hometown Fair Association ($330k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). At year end it held assets of $3,317 against liabilities of $3,317, net assets of $0.