Center Foundation

Analysis

Center Foundation is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Center Foundation reported income of $173k and spending of $52k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,672 to $173k (+2152%), an average of +2152% a year. The sharpest change came in the year to December 2023, when income rose by 2152%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Beautiful Tomorrow ($173k), Vermont Avenue Baptist Church Development Corporation ($173k) and Helping Hands Food Pantry Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 175% of the total. At year end it held assets of $146k against liabilities of $27k, net assets of $119k.