Sonoma County Economic Development Board Foundation

Analysis

Sonoma County Economic Development Board Foundation is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in January 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sonoma County Economic Development Board Foundation reported income of $171k and spending of $303k, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $501k to $171k (-66%), an average of -24% a year. The sharpest change came in the year to June 2020, when income rose by 203%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sonoma County Economic Development Board Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Conejo Valley Days Inc ($171k), Smart Coast California ($171k) and Lake 100 Inc ($171k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. At year end it held assets of $1.9m against liabilities of $80k, net assets of $1.8m.