Friends of the Public Bank East Bay

Analysis

Friends of the Public Bank East Bay is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Friends of the Public Bank East Bay reported income of $510k and spending of $270k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $132k to $510k (+287%), an average of +97% a year. The sharpest change came in the year to December 2022, when income rose by 200%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Public Bank East Bay sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Medical Education Foundation Inc ($510k), The National Leadership Foundation ($510k) and Junction Business Services Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $672k against liabilities of $0, net assets of $672k.