Out of the Cold Centre County

Analysis

Out of the Cold Centre County is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Out of the Cold Centre County reported income of $447k and spending of $572k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $225k to $447k (+99%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 232%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Out of the Cold Centre County sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Opportunity Builders a Not-For- Profit Development Corporation ($447k), Lucian Manor Affordable Housing Inc ($447k) and Parallel Senior Villas Inc ($446k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $57k (9.9% of expenses). Other salaries and wages came to $275k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $53k. It reported 29 employees.