Centre Care Inc

Analysis

Centre Care Inc is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Centre Care Inc reported income of $24.3m and spending of $29.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.2m to $24.3m (+9.4%), an average of +2.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centre Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Affordable Housing and Services Collaborative Inc ($24.2m), Mirabella at South Waterfront ($24.3m) and City Union Mission Inc ($24.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $150k (0.5% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $47.2m against liabilities of $41.8m, net assets of $5.4m. It reported 344 employees.

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.