Potlikker Capital

Analysis

Potlikker Capital is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in October 2022, 4 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Potlikker Capital reported income of $2.5m and spending of $2.0m, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $538k to $2.5m (+365%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Potlikker Capital sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Rise Together Innovation Center Inc ($2.5m), Community Matters ($2.5m) and Emerging Prairie ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $255k (13% of expenses). Other salaries and wages came to $450k. At year end it held assets of $7.4m against liabilities of $5.4m, net assets of $2.0m. It reported 10 employees.