Cenikor Foundation

Analysis

Cenikor Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1982, 44 years ago. 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, Cenikor Foundation reported income of $39.2m and spending of $36.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.1m to $39.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cenikor Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Goodwill Industries Big Bend Inc ($39.1m), Thompson Child & Family Focus ($39.3m) and Southeastern Michigan Health Association ($39.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $2.2m (6.2% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $52.8m against liabilities of $14.0m, net assets of $38.8m. It reported 796 employees.