Center Inc

Analysis

Center Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Center Inc reported income of $410k and spending of $346k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $305k to $410k (+35%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within AK. Charities of a similar size with the same main cause include Nicoles House of Hope Inc ($410k), Ignite Academy ($410k) and Columbus County Agriculture Fair ($410k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Other salaries and wages came to $160k. At year end it held assets of $289k against liabilities of $859k, net assets of -$570k. It reported 16 employees.