Center Foundation Inc

Analysis

Center Foundation Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Center Foundation Inc reported income of $108k and spending of $45k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $108k (-91%), an average of -46% a year. The sharpest change came in the year to December 2021, when income rose by 4174%. Over the whole period it spent 3.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Ardmore Foundation Inc ($108k), Whispering Pines of Clinton County ($108k) and United Way Services Corporation ($108k).

At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.