Centennial Village Corporation

Analysis

Centennial Village Corporation is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 Village Corporation reported income of $2.2m and spending of $4.9m, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+14%), an average of +3.4% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centennial Village Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Trinity Cooperative Day Nursery ($2.2m), Friendship of Women ($2.2m) and Mattioli Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $537k (11% of expenses). Other salaries and wages came to $266k. At year end it held assets of $9.4m against liabilities of $9.1m, net assets of $329k. It reported 9 employees.