Sterling Center

Analysis

Sterling Center is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2022, Sterling Center reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $564k to $1.4m (+151%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sterling Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Ryder Health Plan Inc ($1.4m), Latinas Contra Cancer ($1.4m) and Baptist Health Foundation Corbin Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $260k (20% of expenses). Other salaries and wages came to $252k. It paid $21k in professional fundraising fees. At year end it held assets of $345k against liabilities of $0, net assets of $345k. It reported 14 employees.