Centre Homes Inc

Analysis

Centre Homes Inc is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, Centre Homes Inc reported income of $250k and spending of $296k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $377k to $250k (-34%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centre Homes Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include St Anns Parish Educational Endowment Fund Inc ($250k), Transformations by Austin Angels ($250k) and Clearwater Historical Society Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 40% of the total. Other salaries and wages came to $50k. At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.