Economic Development Corporation of San Benito County

Analysis

Economic Development Corporation of San Benito County is a registered charity in United States, based in Hollister, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Economic Development Corporation of San Benito County reported income of $236k and spending of $218k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2024, income fell from $291k to $236k (-19%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Development Corporation of San Benito County sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Greater Missouri Leadership Foundation Inc ($236k), Auxiliary to Lynchburg General Hospital Inc ($236k) and Sunflake Pre-School Inc ($236k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (64% of expenses). At year end it held assets of $166k against liabilities of $0, net assets of $166k. It reported 2 employees.