Centenary College of Louisiana

Analysis

Centenary College of Louisiana is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in November 1952, 74 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centenary College of Louisiana reported income of $28.7m and spending of $38.3m, spending 133% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $28.9m to $28.7m (-0.8%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centenary College of Louisiana sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Pathfinder Services Inc ($28.7m), The Safe Alliance ($28.7m) and Center for Popular Democracy ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $990k (2.6% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $191.5m against liabilities of $30.0m, net assets of $161.5m. It reported 592 employees.