Center Redevelopmemt Corporation

Analysis

Center Redevelopmemt Corporation is a registered charity in United States, based in South Hadley, MA. It received its IRS tax-exemption ruling in February 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Center Redevelopmemt Corporation reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.6m (+2.3%), an average of +0.6% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center Redevelopmemt Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Multi-Cultural Foodservice & Hospitality Alliance ($1.6m), Cereal City Development Corporation Kellogg Arena ($1.6m) and Washington Park Transportation Management Asssociation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $236k (15% of expenses). Other salaries and wages came to $191k. At year end it held assets of $3.2m against liabilities of $268k, net assets of $2.9m. It reported 5 employees.