Centro Tyrone Guzman

Analysis

Centro Tyrone Guzman is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1974, 52 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, Centro Tyrone Guzman reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Tyrone Guzman 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 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Adaptive Sports Connection ($2.7m), Family Service Agency of the Central Coast ($2.7m) and Fort Wayne Society of St Vincent Depaul Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $104k (3.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.7m against liabilities of $401k, net assets of $2.3m. It reported 38 employees.