Centerplace III Inc

Analysis

Centerplace III Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in September 1999, 27 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, Centerplace III Inc reported income of $55k and spending of $39k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $40k to $55k (+37%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centerplace III Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Wytheville Farmers Market ($55k), Good Samaritan of Richland County ($55k) and Creators for Christ ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $290k against liabilities of $37k, net assets of $254k.