Centered for Life Inc

Analysis

Centered for Life Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Centered for Life Inc reported income of $890k and spending of $801k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $620k to $890k (+44%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Centered for Life Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Chofetz Chaim Heritage of Lakewood Inc ($890k), Association for Covenantal Reformed Education ($890k) and Milwaukee Muslim Womens Coalition Inc ($889k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $329k. At year end it held assets of $529k against liabilities of $159k, net assets of $371k.