Center City of Amarillo Inc

Analysis

Center City of Amarillo Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Center City of Amarillo Inc reported income of $331k and spending of $355k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $314k to $331k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center City of Amarillo Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Hyde Park Main Streets Inc ($331k), Shift Atl ($331k) and Capitol Civic Centre Foundation Inc ($331k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $125k (35% of expenses). Other salaries and wages came to $46k. At year end it held assets of $480k against liabilities of $330k, net assets of $150k. It reported 3 employees.