Centerplace Health Inc
Centerplace Health Inc. shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 202779327 · Sarasota, FL · NTEE: E21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.4M |
| Total Expenses | $17.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $19,386,691 |
| Net Assets | $4.6M |
| Transparency Score | 88/100 |
Is Centerplace Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centerplace Health Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centerplace Health Inc
Centerplace Health Inc (EIN: 202779327) is a nonprofit organization based in Sarasota, FL, classified under NTEE code E21. The organization reported total revenue of $19.4M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerplace Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centerplace Health Inc is a large nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.4M |
| Total Expenses | $17.3M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $5.7M |
| Total Liabilities | $1.0M |
| Net Assets | $4.6M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Centerplace Health Inc reported a surplus of $2.1M with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +4.3% | +4.4% |
| 2022 | +14.3% | +15.2% | +22.4% |
| 2021 | +64.2% | +69.9% | -1.4% |
| 2020 | +13.9% | +9.9% | +94.5% |
| 2019 | +1786.7% | +2863.6% | +812.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
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 Centerplace Health Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Centerplace Health Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue ($19,386,691 in 2023). This suggests either a fully volunteer executive leadership or compensation is handled through a related entity not disclosed in these specific fields, warranting further inquiry.
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 Centerplace Health Inc's IRS 990 filings:
- 0% officer compensation reported for an organization of this size, which may indicate compensation through a related entity or a fully volunteer executive team, requiring further clarification for full transparency.
Strengths
The following positive indicators were identified for Centerplace Health Inc:
- Consistent and significant revenue growth, from $8,058,595 in 2019 to $19,386,691 in 2023.
- Strong financial health with expenses consistently lower than revenue, indicating efficient management (e.g., $19,386,691 revenue vs. $17,291,944 expenses in 2023).
- Substantial growth in assets, from $2,309,991 in 2019 to $5,660,266 in 2023, enhancing long-term stability.
- Low liability-to-asset ratio, demonstrating a healthy balance sheet and financial prudence.
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
Frequently Asked Questions about Centerplace Health Inc
Is Centerplace Health Inc a legitimate charity?
Centerplace Health Inc (EIN: 202779327) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 88/100. It has 9 years of IRS 990 filings on record. Total revenue: $19.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Centerplace Health Inc spend its money?
Centerplace Health Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Centerplace Health Inc tax-deductible?
Centerplace Health Inc is registered as a tax-exempt nonprofit (EIN: 202779327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Centerplace Health Inc CEO make?
Centerplace Health Inc's highest-compensated officer earns $19,386,691 annually. The organization reported $19.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Centerplace Health Inc's spending goes to programs?
Centerplace Health Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centerplace Health Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Centerplace Health Inc is above average for NTEE category E21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centerplace Health Inc located?
Centerplace Health Inc is headquartered in Sarasota, Florida and files with the IRS under EIN 202779327. It is classified under NTEE code E21.
How many years of IRS 990 filings does Centerplace Health Inc have?
Centerplace Health Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.4M in total revenue.
Is Centerplace Health Inc. financially stable?
Yes, Centerplace Health Inc. appears financially stable, demonstrating consistent revenue growth from $8,058,595 in 2019 to $19,386,691 in 2023, and maintaining a positive net income each year.
How has Centerplace Health Inc.'s asset base changed over time?
The organization's assets have grown substantially, from $2,309,991 in 2019 to $5,660,266 in 2023, indicating significant expansion and investment in its operations.
What is the organization's approach to executive compensation?
Centerplace Health Inc. consistently reports 0% officer compensation in its IRS 990 filings, which is a unique characteristic for an organization of its scale and suggests either volunteer leadership or an alternative compensation structure.
What is the trend in Centerplace Health Inc.'s liabilities?
Liabilities have fluctuated but remained manageable relative to assets, for example, $1,014,804 in liabilities against $5,660,266 in assets in 2023, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Centerplace Health Inc showing financial trends over 9 years of public records:
Total assets increased by 566026500% over the same period, from $1 to $5.7M. In its most recent filing year (2023), Centerplace Health Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $5.7M in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.4M | $17.3M | $5.7M | $1.0M | — | View 990 |
| 2022 | $17.2M | $16.6M | $5.4M | $2.4M | — | View 990 |
| 2021 | $15.1M | $14.4M | $4.4M | $2.2M | — | View 990 |
| 2020 | $9.2M | $8.5M | $4.5M | $3.2M | — | View 990 |
| 2019 | $8.1M | $7.7M | $2.3M | $1.7M | — | View 990 |
| 2018 | $427K | $260K | $253K | $16K | — | View 990 |
| 2017 | $185K | $136K | $72K | $1K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2012 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.4M, expenses of $17.3M, and assets of $5.7M (revenue +12.5% year-over-year).
- 2022: Revenue of $17.2M, expenses of $16.6M, and assets of $5.4M (revenue +14.3% year-over-year).
- 2021: Revenue of $15.1M, expenses of $14.4M, and assets of $4.4M (revenue +64.2% year-over-year).
- 2020: Revenue of $9.2M, expenses of $8.5M, and assets of $4.5M (revenue +13.9% year-over-year).
- 2019: Revenue of $8.1M, expenses of $7.7M, and assets of $2.3M (revenue +1786.7% year-over-year).
- 2018: Revenue of $427K, expenses of $260K, and assets of $253K (revenue +130.6% year-over-year).
- 2017: Revenue of $185K, expenses of $136K, and assets of $72K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2012: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centerplace Health Inc:
Data Sources and Methodology
This transparency report for Centerplace Health 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.