3c Capital Fund Inc

Analysis

3c Capital Fund Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in April 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 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, 3c Capital Fund Inc reported income of $233k and spending of $256k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $233k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 3c Capital Fund Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Music City Construction Careers Inc ($233k), New England Women in Energy and the Environment Inc ($234k) and Southeastern Association of Community Action Agencies Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. At year end it held assets of $9,430 against liabilities of $20k, net assets of -$11k.