Parkside Economic Development

Analysis

Parkside Economic Development is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Parkside Economic Development reported income of $72k and spending of $79k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $80k to $72k (-11%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parkside Economic Development sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Womans Club of Fernandina Beach ($72k), West Seattle Tool Library ($72k) and Junior League of Fort Collins ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.