Innovative Business Resource Center Inc

Analysis

Innovative Business Resource Center Inc is a registered charity in United States, based in Coffeyville, KS. It received its IRS tax-exemption ruling in August 2023, 3 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 February 2024, Innovative Business Resource Center Inc reported income of $161k and spending of $25k, leaving 84% of income unspent that year. Across the 4 years on record, from February 2021 to February 2024, income grew from $32k to $161k (+399%), an average of +71% a year. The sharpest change came in the year to February 2024, when income rose by 805%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Innovative Business Resource Center Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KS. Charities of a similar size with the same main cause include Acres Home Chamber for Buisness and Economic Development Inc ($161k), Elmore Community Trust ($161k) and Central Business Improvement Distri CT Management Association Inc ($161k).

On its Form 990-EZ for the period ending February 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $203k against liabilities of $38k, net assets of $165k.