Centrepointe Counseling Inc

Analysis

Centrepointe Counseling Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 2024, Centrepointe Counseling Inc reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centrepointe Counseling Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Bible Studies Inc ($1.5m), Lighthouse for Christ Mission ($1.5m) and The Woodward School for Girls Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $122k (7.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $314k against liabilities of $179k, net assets of $135k. It reported 28 employees.