Community Economics Inc

Analysis

Community Economics Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Community Economics Inc reported income of $1.2m and spending of $1.6m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Economics Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Families First Inc ($1.2m), Pualani Manor Corporation ($1.2m) and Beth-Anne Extended Living ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $558k (35% of expenses). Other salaries and wages came to $564k. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $1.0m. It reported 9 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.