CPLC Texas Inc

Analysis

CPLC Texas Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2020, 6 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, CPLC Texas Inc reported income of $5.1m and spending of $7.6m, spending 150% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $82.6m to $5.1m (-94%), an average of -75% a year. The sharpest change came in the year to June 2022, when income dropped by 79%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CPLC Texas Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Workforce Investment Council of Clackamas County Inc ($5.1m), Gadsden Progress Council ($5.1m) and Hopeworks Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $52.6m against liabilities of $52.0m, net assets of $529k. It reported 70 employees.