California Association for Microenterprise Opportunity

Analysis

California Association for Microenterprise Opportunity is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1996, 30 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 Association for Microenterprise Opportunity reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $865k to $2.6m (+204%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Association for Microenterprise Opportunity sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Community Redevelopment Loan and Investment Fund Inc ($2.6m), New England Womens Support Inc ($2.6m) and Northeastern Michigan Rehabilitation and Opportunity Cen ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $239k (9.2% of expenses). Other salaries and wages came to $646k. At year end it held assets of $9.1m against liabilities of $5.3m, net assets of $3.8m. It reported 10 employees.