Central Square Inc

Analysis

Central Square Inc is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Central Square Inc reported income of $799k and spending of $740k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $316k to $799k (+152%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Square Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include South Jeffco Sports Association Inc ($799k), For Kids Sake Foundation Incorporated ($799k) and Lees Summit Soccer Association ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 7.5% of the total. Other salaries and wages came to $221k. At year end it held assets of $4.1m against liabilities of $1.3m, net assets of $2.8m. It reported 6 employees.