Centennial Housing & Community Services Corporation

Analysis

Centennial Housing & Community Services Corporation is a registered charity in United States, based in Plymouth, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Centennial Housing & Community Services Corporation reported income of $14.6m and spending of $16.5m, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $6.2m to $14.6m (+137%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centennial Housing & Community Services Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Gay and Lesbian Community Center of Southern Nevada Inc ($14.6m), Educare DC ($14.6m) and Mid-Island Y Jewish Community Center Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $8.1m against liabilities of $23.3m, net assets of -$15.2m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.