Pelican Cove Counseling Center

Analysis

Pelican Cove Counseling Center is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pelican Cove Counseling Center reported income of $164k and spending of $179k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $164k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pelican Cove Counseling Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Saint Francis of Assisi Food Pantry ($164k), Vandemataram Foundation USA Inc ($164k) and Tea ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $42k (23% of expenses). Other salaries and wages came to $37k. At year end it held assets of $6,816 against liabilities of $7,100, net assets of -$284. It reported 3 employees.