Centralia Foundation

Analysis

Centralia Foundation is a registered charity in United States, based in Centralia, IL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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, Centralia Foundation reported income of $2.3m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.3m (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centralia Foundation 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 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Hillcrest School Inc ($2.3m), Habitat for Humanity International Inc ($2.3m) and Family Policy Alliance Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $30k (1.4% of expenses). Other salaries and wages came to $753k. At year end it held assets of $37.2m against liabilities of $0, net assets of $37.2m. It reported 75 employees.