Centralina Economic Development Commission Inc

Analysis

Centralina Economic Development Commission Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2007, 19 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 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, Centralina Economic Development Commission Inc reported income of $228k and spending of $227k, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $319k to $228k (-28%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centralina Economic Development Commission Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Community Healthcare Foundation Inc ($228k), Mille Lacs Trails Inc ($228k) and McDowell Economic Development Association Inc ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.