Southern Windsor County Incubator Inc

Analysis

Southern Windsor County Incubator Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in September 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Windsor County Incubator Inc reported income of $824k and spending of $637k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $824k (+324%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Windsor County Incubator Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within VT. Charities of a similar size with the same main cause include Cahaba River Society Inc ($824k), Rihub ($825k) and K M H Homes Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $123k (19% of expenses). Other salaries and wages came to $175k. At year end it held assets of $332k against liabilities of $38k, net assets of $294k. It reported 4 employees.