California Certified Public Accountants Foundation

Analysis

California Certified Public Accountants Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, California Certified Public Accountants Foundation reported income of $8.2m and spending of $10.2m, spending 124% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $9.3m to $8.2m (-12%), an average of -3.0% a year. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Certified Public Accountants Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Community Hall Foundation Program Endowment ($8.2m), California Indian Manpower Consortium Inc ($8.2m) and Michigan Community Action ($8.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 5.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $736k (7.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.9m against liabilities of $5.5m, net assets of $5.4m. It reported 30 employees.