Erie Technology Incubator Inc

Analysis

Erie Technology Incubator Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 2010, 16 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 June 2023, Erie Technology Incubator Inc reported income of $75k and spending of $105k, spending 141% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $83k to $75k (-9.9%), an average of -9.9% a year. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Erie Technology Incubator Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include We See Greatness in You Inc ($75k), Construct Tomorrow ($75k) and Ewalu Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $65k against liabilities of $11k, net assets of $54k.