Centennial Area Education Foundation Inc

Analysis

Centennial Area Education Foundation Inc is a registered charity in United States, based in Circle Pines, MN. It received its IRS tax-exemption ruling in October 2002, 24 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, Centennial Area Education Foundation Inc reported income of $131k and spending of $182k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $131k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centennial Area Education Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Montgomery Academy Foundation ($131k), Mv3 Foundation ($131k) and Connecticut Association for Behavior Analysis Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $477k against liabilities of $0, net assets of $477k. It reported 1 employees.

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.