Pomona Ecomomic Opportunity Center

Analysis

Pomona Ecomomic Opportunity Center is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover employment, 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 December 2023, Pomona Ecomomic Opportunity Center reported income of $1.3m and spending of $1.8m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $698k to $1.3m (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pomona Ecomomic Opportunity Center sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Our Family Coalition ($1.3m), Paving Great Futures ($1.3m) and Career Learning & Employment Center for Veterans Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $105k (5.8% of expenses). Other salaries and wages came to $936k. At year end it held assets of $1.8m against liabilities of $113k, net assets of $1.7m. It reported 30 employees.