Centerforce

Analysis

Centerforce is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover employment, 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 June 2023, Centerforce reported income of $2.2m and spending of $1.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centerforce sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Greenwood Plan ($2.2m), Africatown International ($2.2m) and Community Coalition Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $187k (10% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.3m against liabilities of $498k, net assets of $4.8m. It reported 39 employees.