Tri-City Economic Development Corporation

Analysis

Tri-City Economic Development Corporation is a registered charity in United States, based in Union City, CA. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Tri-City Economic Development Corporation reported income of $17.1m and spending of $15.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.0m to $17.1m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Tri-City Economic Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Carbon Mapper Inc ($17.0m), Water Institute of the Gulf ($17.1m) and Western Rivers Conservancy ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. Compensation of current officers, directors and key employees was $328k (2.2% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $14.4m against liabilities of $9.4m, net assets of $5.0m. It reported 91 employees.