Centronia

Analysis

Centronia is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centronia reported income of $17.4m and spending of $17.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $17.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centronia 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 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Dakotabilities ($17.4m), Clayton Child Care Inc ($17.4m) and Vistability ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $403k (2.3% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $14.8m against liabilities of $6.6m, net assets of $8.1m. It reported 271 employees.