Center for Success Network

Analysis

Center for Success Network is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2014, 12 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 (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, Center for Success Network reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $1.1m (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Success Network sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Pittsburgh Community Reinvestment Group ($1.1m), Fulton Montgomery and Schoharie Counties Private Industry Council ($1.1m) and Sonoma County Vintners Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $93k (8.0% of expenses). Other salaries and wages came to $591k. At year end it held assets of $457k against liabilities of $208k, net assets of $249k. It reported 27 employees.