South Coast Business Employment Corporation

Analysis

South Coast Business Employment Corporation is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover employment, 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 June 2023, South Coast Business Employment Corporation reported income of $5.7m and spending of $5.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.7m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Coast Business Employment Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Native Movement ($5.7m), Omaha Community Playhouse ($5.7m) and Able Solutions Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $260k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $602k, net assets of $1.6m. It reported 176 employees.