1026 East Center Street LLC

Analysis

1026 East Center Street LLC is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, 1026 East Center Street LLC reported income of $504k and spending of $696k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.8m to $504k (-96%), an average of -54% a year. The sharpest change came in the year to December 2020, when income dropped by 96%. Over the whole period it spent 25% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 1026 East Center Street LLC sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Footpath Foundation ($504k), Mo Kan 20-20 Vision Inc ($505k) and Kids Outdoor Sports Camp ($503k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.2m against liabilities of $1.3m, net assets of $8.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.