Small Business Aid Inc

Analysis

Small Business Aid Inc is a registered charity in United States, based in Shipshewana, IN. It received its IRS tax-exemption ruling in February 2021, 5 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 2022, Small Business Aid Inc reported income of $1.2m and spending of $1.5m, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $1.2m (-43%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small Business Aid Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Rocky Mountain Innovation Initiative Inc ($1.2m), Path Partners ($1.2m) and Great Growing Regional Economic Activity Today ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $29k (2.0% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.6m against liabilities of $712k, net assets of $903k. It reported 3 employees.