Peralta Service Corp

Analysis

Peralta Service Corp is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 1975, 51 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 September 2023, Peralta Service Corp reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.8m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Peralta Service Corp sits at the 83rd percentile: it is larger than about 83% 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 Monterey Park Lions Club Senior Citizens Housing Corporation ($1.8m), Upper Kirby District Foundation ($1.8m) and Nehemiah Group ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $734k against liabilities of $2.2m, net assets of -$1.5m. It reported 60 employees.

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.