Centro Las Americas Inc

Analysis

Centro Las Americas Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Centro Las Americas Inc reported income of $12.5m and spending of $12.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $12.5m (+66%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Las Americas Inc 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 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Hope Hospice Inc ($12.5m), Centralized Comprehensive Human Services Inc ($12.5m) and Sinergia Inc ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $202k (1.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $4.6m against liabilities of $2.8m, net assets of $1.8m. It reported 139 employees.