San Fernando Valley Small Business Development Corporation

Analysis

San Fernando Valley Small Business Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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, San Fernando Valley Small Business Development Corporation reported income of $423k and spending of $422k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $407k to $423k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Fernando Valley Small Business Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Grace Playschool Inc ($423k), Substance Abuse Council of Greater Battle Creek ($423k) and Soroptimist Thrift Shop of Anacortes ($423k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $106k (25% of expenses). Other salaries and wages came to $84k. At year end it held assets of $419k against liabilities of $630k, net assets of -$211k. It reported 4 employees.