Rhode Island Urban Business Incubator Inc

Analysis

Rhode Island Urban Business Incubator Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Rhode Island Urban Business Incubator Inc reported income of $141k and spending of $144k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $142k to $141k (-0.8%), an average of -0.8% a year. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rhode Island Urban Business Incubator Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within RI. Charities of a similar size with the same main cause include Burton Friends and Neighbors Inc ($141k), Go-Edc Foundation ($141k) and Barrio Neighborhood Planning Committee ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $65k, net assets of $25k.