Pacific Coast Regional Urban Small Business Development Corporation

Analysis

Pacific Coast Regional Urban Small Business Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 June 2023, Pacific Coast Regional Urban Small Business Development Corporation reported income of $6.6m and spending of $4.6m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $6.6m (+106%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pacific Coast Regional Urban Small Business Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Northwest Central Indiana Community Partnerships Inc ($6.6m), Citrus Levy Marion Regional Workforce Development Board Inc ($6.6m) and Workforce Development Board of South Central Wisconsin ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $373k (8.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $23.7m against liabilities of $5.6m, net assets of $18.1m. It reported 43 employees.