Carbondale Center for Small Business Technology Transfer Inc

Analysis

Carbondale Center for Small Business Technology Transfer Inc is a registered charity in United States, based in Carbondale, PA. It received its IRS tax-exemption ruling in August 1995, 31 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, Carbondale Center for Small Business Technology Transfer Inc reported income of $124k and spending of $197k, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $140k to $124k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 147% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carbondale Center for Small Business Technology Transfer Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include McCool Community Improvement Foundation ($124k), Syracuse General Electric Employees Federated Community Service Fund ($124k) and The Murray Main Street Program Inc ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $39k (20% of expenses). At year end it held assets of $883k against liabilities of $183k, net assets of $700k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.