Centro C H a Inc

Analysis

Centro C H a Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Centro C H a Inc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $2.6m (+174%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro C H a Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Food on Foot Inc ($2.6m), Taste Project ($2.6m) and Safe Harbor ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $107k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $377k, net assets of $2.1m. It reported 67 employees.