Centrum Foundation

Analysis

Centrum Foundation is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Centrum Foundation reported income of $4.7m and spending of $4.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $4.7m (+2.2%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centrum Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Arkansas Educational Telecommunications Network FDN ($4.7m), Greater Miami Opera Inc ($4.7m) and The Asme Foundation Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $130k (2.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $1.5m, net assets of $3.6m. It reported 48 employees.