Center in the Square Endowment Foundation

Analysis

Center in the Square Endowment Foundation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Center in the Square Endowment Foundation reported income of $250k and spending of $518k, spending 207% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $169k to $250k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 174% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center in the Square Endowment Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Zichron Chaim Yechezkel Inc ($250k), Chardon Rotary Foundation ($250k) and Community Kitchen Inc ($250k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.