Floreciendo

Analysis

Floreciendo is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover employment, 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 December 2023, Floreciendo reported income of $572k and spending of $575k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $221k to $572k (+159%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Floreciendo sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Borderplex Bi-National Economic Alliance Foundation ($571k), Wyoming Joint Electrical Apprenticeship and Training Trust ($572k) and Women in Progress Inc ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $259k (45% of expenses). At year end it held assets of $413k against liabilities of $118k, net assets of $295k. It reported 8 employees.