Center Plaza Foundation Inc
Center Plaza Foundation Inc. consistently reports 0% officer compensation but has seen expenses exceed revenue in recent years.
EIN: 201382697 · Baltimore, MD · NTEE: W020 · Updated: 2026-03-28
Is Center Plaza Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center Plaza Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center Plaza Foundation Inc
Center Plaza Foundation Inc (EIN: 201382697) is a nonprofit organization based in Baltimore, MD, classified under NTEE code W020. The organization reported total revenue of $207K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Plaza Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Plaza Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $262K |
| Surplus / Deficit | $-29,994 |
| Total Assets | $181K |
| Total Liabilities | $73K |
| Net Assets | $109K |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 40.0% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2023, Center Plaza Foundation Inc reported a deficit of $30K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Center Plaza Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.4% | -27.6% | -28.4% |
| 2022 | -30.1% | -6.1% | +0.5% |
| 2021 | +22.0% | +3.0% | +17.2% |
| 2020 | +38535200.0% | +36756.6% | +184.4% |
| 2019 | -100.0% | -99.5% | -38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center Plaza Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Center Plaza Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is a positive sign for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center Plaza Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 2023 and 2022 filings)
- Significant drop in revenue from $470,120 in 2021 to $232,040 in 2023
Strengths
The following positive indicators were identified for Center Plaza Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings
- Regular and consistent IRS 990 filing history (10 filings)
- Maintains a positive asset balance ($181,165 in 2023) relative to liabilities ($72,549 in 2023)
Frequently Asked Questions about Center Plaza Foundation Inc
Is Center Plaza Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center Plaza Foundation Inc (EIN: 201382697) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Center Plaza Foundation Inc spend its money?
Center Plaza Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center Plaza Foundation Inc tax-deductible?
Center Plaza Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201382697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Center Plaza Foundation Inc. financially stable?
The organization has experienced expenses exceeding revenue in recent years (e.g., 2023 and 2022), which could impact long-term financial stability if this trend continues. However, it maintains a healthy asset base relative to its liabilities.
How does Center Plaza Foundation Inc. compensate its leadership?
All available IRS 990 filings consistently report 0% officer compensation, suggesting that leadership is either volunteer-based or compensated through means not classified as officer compensation.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $470,120 in 2021, but recent years (2022, 2023) show a trend where expenses ($361,735 and $262,034 respectively) have surpassed revenue ($328,645 and $232,040 respectively).
Filing History
IRS 990 filing history for Center Plaza Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Center Plaza Foundation Inc's revenue has declined by 28.3%, moving from $324K to $232K. Total assets increased by 25.1% over the same period, from $145K to $181K. Total functional expenses fell by 19%, from $324K to $262K. In its most recent filing year (2023), Center Plaza Foundation Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $73K in liabilities against $181K in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $262K | $181K | $73K | — | — |
| 2022 | $329K | $362K | $253K | $114K | — | View 990 |
| 2021 | $470K | $385K | $252K | $80K | — | — |
| 2020 | $385K | $374K | $215K | $128K | — | — |
| 2019 | $1 | $1K | $76K | $1 | — | View 990 |
| 2015 | $202K | $202K | $123K | $12K | — | View 990 |
| 2014 | $208K | $208K | $131K | $20K | — | View 990 |
| 2013 | $217K | $217K | $124K | $13K | — | View 990 |
| 2012 | $185K | $185K | $126K | $15K | — | View 990 |
| 2011 | $324K | $324K | $145K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $262K, and assets of $181K (revenue -29.4% year-over-year).
- 2022: Revenue of $329K, expenses of $362K, and assets of $253K (revenue -30.1% year-over-year).
- 2021: Revenue of $470K, expenses of $385K, and assets of $252K (revenue +22.0% year-over-year).
- 2020: Revenue of $385K, expenses of $374K, and assets of $215K (revenue +38535200.0% year-over-year).
- 2019: Revenue of $1, expenses of $1K, and assets of $76K (revenue -100.0% year-over-year).
- 2015: Revenue of $202K, expenses of $202K, and assets of $123K (revenue -2.9% year-over-year).
- 2014: Revenue of $208K, expenses of $208K, and assets of $131K (revenue -4.2% year-over-year).
- 2013: Revenue of $217K, expenses of $217K, and assets of $124K (revenue +17.2% year-over-year).
- 2012: Revenue of $185K, expenses of $185K, and assets of $126K (revenue -42.7% year-over-year).
- 2011: Revenue of $324K, expenses of $324K, and assets of $145K.
Data Sources and Methodology
This transparency report for Center Plaza Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.