CBMC Inc

Analysis

CBMC Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in March 1976, 50 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 2024, CBMC Inc reported income of $87k and spending of $85k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $237k to $87k (-63%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CBMC Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Pawhuska Educational Trust ($87k), Hawaii Handweavers Hui ($87k) and Soar High Academy ($87k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Other salaries and wages came to $43k. At year end it held assets of $20k against liabilities of $1,321, net assets of $19k. It reported 1 employees.