California Community Economic Development Association

Analysis

California Community Economic Development Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1992, 34 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 December 2023, California Community Economic Development Association reported income of $957k and spending of $939k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $957k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Community Economic Development Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Fps-The International Organization for Fluid PWR & Motion Cont Prof ($956k), Georgetown Heritage ($957k) and Stand Up Nashville Inc ($956k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $195k (21% of expenses). Other salaries and wages came to $222k. At year end it held assets of $797k against liabilities of $193k, net assets of $605k. It reported 3 employees.