Centering Space INC EIN 92-0776625

Centering Space INC

EIN  92-0776625 Religious organization Lakewood, OH Founded 2022
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Size
$100K–1M
What they do
Helps people explore their spiritual lives in a welcoming, peaceful environment.
Leadership
Betsy Nero · Director
Money in and out
$153K revenue, $151K expenses
Bottom line
28% program efficiency

Helps people explore their spiritual lives in a welcoming, peaceful environment. For fiscal year 2025 it reported $153K in revenue, $151K in expenses, and $1.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$151K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.28 Management & general $0.48 Fundraising $0.24
Program efficiency
28%
of spending reaches programs▼ -61% vs prior filing year
Operating runway
116.8mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$153K
FY2025▼ -79%
Expenses
$151K
FY2025▲ +51%
Total assets
$1.5M
FY20250%
Total liabilities
$2K
FY2025▲ +69%
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$151K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B28%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $42K of program spending, described in the organization's own filed words · FY2025.
01

Programming

Weekly prayer circles and a variety of programming including book discussions, poetry readings, and contemplative practices are offered focused on contemporary issues from a spiritual perspective.

$31Kprogram expense
02

Retreats and Spiritual Direction

weeklong or shorter retreats as well as individual spiritual direction are offered to help deepen ones relationship with God.

$11Kprogram expense
03

Space Rental

The building is used by the community and other spiritual groups for their programmings. A fee is charged for such use.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentering Space INC
EINHdr · item D92-0776625
Principal addressHdr · item CLakewood, OH
WebsiteHdr · item Jwww.centeringspace.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X90)
Ruling yearIRS BMFDec 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$79K · 52%
Program service revenue$38K · 25%
Investment income$36K · 24%
Contributions & grants52%$79K
Program service revenue25%$38K
Investment income24%$36K
Total revenueLn 12$153K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.28 Management & general $0.48 Fundraising $0.24
Program services28%$42K
Management & general48%$73K
Fundraising24%$36K
Total functional expensesLn 25$151K

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$1.5M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.5M
Months of cash on handcomputed116.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $151K
116.8 months
Where the money goes
Program services
Program services $42K · Total expenses $151K
28%
Management & General
Management & general $73K · Total expenses $151K
48%
Fundraising
Fundraising $36K · Total expenses $151K
24%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $442K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $153K
52%
Government reliance
Government grants — · Total revenue $153K
Earned-income share
Program service revenue $38K · Total revenue $153K
25%
Investment reliance
Investment income $36K · Total revenue $153K
+24%
Program self-sufficiency
Program service revenue $38K · Total expenses $151K
25%
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year $721K
-79%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $151K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Betsy Nero · Reported title Director · Highest reported compensation $0 · Total expenses $151K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $151K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 28%
Overhead ratio 48%
Fundraising cost ratio 45%
Revenue growth -79%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$40K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$153K revenue · viewing · ⤓ 990 PDF
FY2024$721K revenue · ⤓ 990 PDF
FY2023$646K revenue · ⤓ 990 PDF
FY2022$259K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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