Centro Partnership San Antonio

Analysis

Centro Partnership San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 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 September 2023, Centro Partnership San Antonio reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.7m (+99%), an average of +19% a year. The sharpest change came in the year to September 2020, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centro Partnership San Antonio sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Dorchester Bay Nieghborhood Loan Fund Inc ($2.7m), Ladies of Hope Ministries Inc ($2.7m) and Enterprise Development Center of Erie County Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $509k (18% of expenses). Other salaries and wages came to $721k. At year end it held assets of $1.2m against liabilities of $687k, net assets of $558k. It reported 18 employees.