Hamilton County Business Center Inc

Analysis

Hamilton County Business Center Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1989, 37 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 September 2023, Hamilton County Business Center Inc reported income of $1.3m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.3m (-13%), an average of -3.4% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hamilton County Business Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Association for Manufacturing Excellence Ame ($1.3m), Jubilee Community Development Corporation ($1.3m) and Five One Labs Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $139k (9.4% of expenses). At year end it held assets of $896k against liabilities of $150k, net assets of $746k.