Center for Development Inc

Analysis

Center for Development Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Center for Development Inc reported income of $197k and spending of $55k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $381k to $197k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within AZ. Charities of a similar size with the same main cause include Leadership Southcoast Inc ($197k), Wilton Free Library Association ($197k) and Red Robin Scholarship Foundation in C ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. At year end it held assets of $4.6m against liabilities of $924, net assets of $4.6m.