Center Associates

Analysis

Center Associates is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in March 1959, 67 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 June 2023, Center Associates reported income of $3.6m and spending of $3.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.7m to $3.6m (-2.5%), an average of -0.9% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center Associates 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 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include California Consortium for Urbanindian Health Inc ($3.6m), Lake County Council on Aging ($3.6m) and Brevard Schools Foundation Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $3.8m against liabilities of $1.0m, net assets of $2.8m. It reported 62 employees.