Centre for Excellence of Pensacola Inc

Analysis

Centre for Excellence of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 2022, 4 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, Centre for Excellence of Pensacola Inc reported income of $172k and spending of $140k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $683 to $172k (+25056%), an average of +25056% a year. The sharpest change came in the year to December 2023, when income rose by 25056%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centre for Excellence of Pensacola Inc 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 54th percentile within FL. Charities of a similar size with the same main cause include Lewis Community Foundation Inc ($172k), National Alliance for Relationship and Marriage Education Inc ($172k) and Barnabas Community Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $40k against liabilities of $7,684, net assets of $32k.