California Association of Local Agency Formation Commissions

Analysis

California Association of Local Agency Formation Commissions is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 2000, 26 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, California Association of Local Agency Formation Commissions reported income of $605k and spending of $473k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $424k to $605k (+43%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 93% 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 of Local Agency Formation Commissions sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Franklinton Center Inc ($605k), Bessemer Redevelopment Corp ($605k) and Shelby County Outreach Ministries Inc ($604k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $148k (31% of expenses). Other salaries and wages came to $42k. At year end it held assets of $373k against liabilities of $15k, net assets of $358k. It reported 2 employees.