Centro Presente Inc

Analysis

Centro Presente Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Centro Presente Inc reported income of $574k and spending of $383k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $574k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 212%. Over the whole period it spent 82% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Centro Presente Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Union County Criminal Defense Lawyers ($574k), LGBT Center of Greater Reading ($574k) and Prison of Peace ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). Other salaries and wages came to $155k. At year end it held assets of $1.2m against liabilities of $109k, net assets of $1.1m. It reported 6 employees.