Centerpeace

Analysis

Centerpeace is a registered charity in United States, based in Rowlett, TX. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 May 2023, Centerpeace reported income of $180k and spending of $171k, spending 95% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $96k to $180k (+88%), an average of +88% a year. The sharpest change came in the year to May 2023, when income rose by 88%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centerpeace sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Restore Children and Family Services ($180k), Speedy Foundation ($180k) and Tricounty Memorial Foundation Inc ($180k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $61k against liabilities of $7,198, net assets of $54k.