Centro Lancaster Ltd

Analysis

Centro Lancaster Ltd is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centro Lancaster Ltd reported income of $1.4m and spending of $441k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $1.4m (+601%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 553%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centro Lancaster Ltd sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Transitions Centers Inc ($1.4m), Charity Guild of Catholic Women of Harris County ($1.4m) and Parents Alliance Employment Project ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $265k against liabilities of $130k, net assets of $135k.