Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor

Analysis

Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor is a registered charity in United States, based in Huntington Beach, CA. It received its IRS tax-exemption ruling in March 2018, 8 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, Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor reported income of $804k and spending of $824k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $264k to $804k (+205%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include New Haven-Urban Resources Initiative Inc ($804k), Adkactionorg Inc ($805k) and Miller Institute for Learning with Technology ($804k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $310k. At year end it held assets of $552k against liabilities of $264k, net assets of $288k. It reported 5 employees.