California Independent System Operator Corporation

Analysis

California Independent System Operator Corporation is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, California Independent System Operator Corporation reported income of $272.5m and spending of $277.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229.2m to $272.5m (+19%), an average of +4.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Independent System Operator Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Unitypoint at Home ($271.9m), St Vincent Carmel Hospital Inc ($274.7m) and International Fellowship of Christians & Jews ($271.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $12.6m (4.5% of expenses). Other salaries and wages came to $125.8m. At year end it held assets of $1.46bn against liabilities of $1.25bn, net assets of $212.3m. It reported 775 employees.