California Coastal Rural Development Corporation

Analysis

California Coastal Rural Development Corporation is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in November 1982, 44 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 June 2023, California Coastal Rural Development Corporation reported income of $5.0m and spending of $3.5m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Coastal Rural Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include NHS Neighborhood Redevelopment Corporation ($5.0m), Appalachian Partnership Inc ($5.0m) and Venture for America Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $255k (7.3% of expenses). Other salaries and wages came to $915k. At year end it held assets of $18.6m against liabilities of $9.6m, net assets of $9.0m. It reported 16 employees.