Centri Tech Foundation

Analysis

Centri Tech Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Centri Tech Foundation reported income of $584k and spending of $2.7m, spending 464% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.0m to $584k (-81%), an average of -42% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centri Tech Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Built Oregon ($584k), Mt Airy Transit Village Inc ($584k) and Beverly Area Planning Association ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $505k (19% of expenses). At year end it held assets of $1.3m against liabilities of $25, net assets of $1.3m. It reported 12 employees.