Warren Center Inc

Analysis

Warren Center Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in March 1970, 56 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 August 2023, Warren Center Inc reported income of $9.8m and spending of $10.2m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.6m to $9.8m (+49%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warren Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include National Fallen Firefighters Foundation ($9.8m), Michigan Association of Intermediate School Administrators ($9.8m) and Portsmouth Christian Academy ($9.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $323k (3.2% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $4.1m against liabilities of $2.3m, net assets of $1.8m. It reported 155 employees.