Centro Mater Foundation Inc

Analysis

Centro Mater Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Centro Mater Foundation Inc reported income of $237k and spending of $93k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $237k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Mater Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include In His Care Ministries ($237k), Sickle Cell Anemia Research FDN Inc ($237k) and Jackson County Sheriffs Auxiliary Fund ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $493k, net assets of $1.8m.