Bowie Business Innovation Center Inc

Analysis

Bowie Business Innovation Center Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Bowie Business Innovation Center Inc reported income of $473k and spending of $505k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $473k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 561%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bowie Business Innovation Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Parents Association of the Bronx High School of Science ($473k), American Association of Blacks in Higher Education Inc ($473k) and Pleasant Valley High School Sports Boosters ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $95k (19% of expenses). Other salaries and wages came to $113k. At year end it held assets of $3.3m against liabilities of $11k, net assets of $3.3m. It reported 7 employees.