City Centro Inc

Analysis

City Centro Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, City Centro Inc reported income of $123k and spending of $181k, spending 147% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $123k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Centro Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Dundy County Community Foudnation ($123k), Boston Township Hall Committee Inc ($123k) and Hale Empowerment and Revitalization ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $196k against liabilities of $8,358, net assets of $188k.