Mansfield-Richland Incubator Inc

Analysis

Mansfield-Richland Incubator Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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, Mansfield-Richland Incubator Inc reported income of $185k and spending of $257k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $185k (-49%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mansfield-Richland Incubator Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Community Leadership Development Program of Niagara County Inc ($185k), Odysseus Chamber Orchestra ($185k) and Sobrania Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $99k (39% of expenses). Other salaries and wages came to $60k. At year end it held assets of $530k against liabilities of $17k, net assets of $513k. It reported 2 employees.