Center School Inc

Analysis

Center School Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center School Inc reported income of $893k and spending of $922k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $896k to $893k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center School Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Hillside Academy ($893k), Literacy Coalition of the Permian Basin ($893k) and Cu Boulder Enterprise Corporation ($893k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $493k (53% of expenses). At year end it held assets of $296k against liabilities of $172k, net assets of $124k.