Long Beach Center for Economic Inclusion

Analysis

Long Beach Center for Economic Inclusion is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2020, 6 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, Long Beach Center for Economic Inclusion reported income of $1.1m and spending of $520k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $605k to $1.1m (+78%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Long Beach Center for Economic Inclusion sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Facing Homelessness ($1.1m), Caring Hands Special Needs Care Inc ($1.1m) and Virginia Community Action Partnership ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (8.3% of expenses). Other salaries and wages came to $32k. At year end it held assets of $791k against liabilities of $16k, net assets of $775k. It reported 2 employees.