Pico California

Analysis

Pico California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2021, 5 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, Pico California reported income of $3.0m and spending of $6.7m, spending 225% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.8m to $3.0m (+63%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 1038%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pico California sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Mount Rushmore National Memorial Society of Black Hills ($3.0m), Habitat for Humanity International Inc ($3.0m) and National Association for Bilingual Education ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $875k (13% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $17.5m against liabilities of $258k, net assets of $17.2m. It reported 33 employees.