Marin City Community Development Corporation

Analysis

Marin City Community Development Corporation is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in November 1981, 45 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 2024, Marin City Community Development Corporation reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $876k to $1.0m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marin City Community Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Public Force ($1.0m), Fishers Entrepreneurship Center Inc ($1.0m) and Wayne Economic Development Corp ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $265k (24% of expenses). Other salaries and wages came to $254k. At year end it held assets of $14.7m against liabilities of $314k, net assets of $14.4m. It reported 15 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.