Salinas Public Facilities Inc

Analysis

Salinas Public Facilities Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2017, 9 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salinas Public Facilities Inc reported income of $2.3m and spending of $2.9m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 513%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salinas Public Facilities Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Central Oregon Locavore ($2.3m), Schuylkill River Development Corporation ($2.3m) and Housing Telecommunications Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $54.6m against liabilities of $51.0m, net assets of $3.6m.