The Centre

Analysis

The Centre is a registered charity in United States, based in Daphne, AL. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, The Centre reported income of $504k and spending of $504k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $504k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Centre sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include The Putnam County Agricultural Society ($504k), Everybody Rides Metro ($504k) and Cedar Place Inc ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (17% of expenses). Other salaries and wages came to $307k. At year end it held assets of $15k against liabilities of $1,000, net assets of $14k. It reported 7 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.