Humboldt Plaza Corporation

Analysis

Humboldt Plaza Corporation is a registered charity in United States, based in Cameron Park, CA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Humboldt Plaza Corporation reported income of $1.8m and spending of $2.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+15%), an average of +3.5% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Humboldt Plaza Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Tampa Bay Library Consortium Inc ($1.8m), Organic Consumers Association ($1.8m) and Womens Business Enterprise Center East ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $380k. At year end it held assets of $2.0m against liabilities of $127k, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.