Center Foundation

Analysis

Center Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center Foundation reported income of $7.5m and spending of $103k, leaving 99% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $980k to $7.5m (+663%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 10279%. Over the whole period it spent 8.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include LA Plaza de Cultura Y Artes ($7.5m), FCS Urban Ministries Inc ($7.5m) and Liuna Local 731 Training Fund ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 1.0% of the total. At year end it held assets of $14.5m against liabilities of $83k, net assets of $14.4m.