Humboldt Bay Development Association Inc

Analysis

Humboldt Bay Development Association Inc is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2023, Humboldt Bay Development Association Inc reported income of $421k and spending of $451k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $538k to $421k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Humboldt Bay Development Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Nebraska Japanese Animation Society ($421k), Livingston Community Partnership Corporation ($421k) and Texas Rural Communities Inc ($421k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.8m against liabilities of $8.4m, net assets of $1.4m.