El Segundo Economic Development Corporation

Analysis

El Segundo Economic Development Corporation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in January 2021, 5 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 September 2023, El Segundo Economic Development Corporation reported income of $135k and spending of $249k, spending 185% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $162k to $135k (-17%), an average of -17% a year. The sharpest change came in the year to September 2023, when income dropped by 17%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Segundo Economic Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Fayetteville Main Street Inc ($135k), East Peoria Community Foundation NFP ($135k) and San Luis Obispo County Womenade ($135k).

At year end it held assets of $73k against liabilities of $0, net assets of $73k.