Centerville Development Corp

Analysis

Centerville Development Corp is a registered charity in United States, based in Centerville, SD. It received its IRS tax-exemption ruling in February 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centerville Development Corp reported income of $210k and spending of $186k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $432k to $210k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centerville Development Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within SD. Charities of a similar size with the same main cause include Dress for Success River Cities Inc ($210k), Experience Chehalis ($210k) and Renton Rotary Caper Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 13% of the total. At year end it held assets of $7.3m against liabilities of $1.6m, net assets of $5.6m.