First Community Capital Inc

Analysis

First Community Capital Inc is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in February 2020, 6 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 June 2023, First Community Capital Inc reported income of $509k and spending of $250k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $435k to $509k (+17%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Community Capital Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include American Society for Experimental Neurotherapeutics Inc ($509k), Innovative Behaviorial Services Inc ($509k) and Jessran Corporation ($508k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $114k (46% of expenses). Other salaries and wages came to $39k. At year end it held assets of $760k against liabilities of $290k, net assets of $469k. It reported 3 employees.