Central Region Innovation and Commercialization Center Inc

Analysis

Central Region Innovation and Commercialization Center Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2023, Central Region Innovation and Commercialization Center Inc reported income of $451k and spending of $398k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $451k (+363%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 368%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Region Innovation and Commercialization Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Indian Country Grassroots Support ($451k), Parks Foundation of Islip Town Inc ($451k) and Water From the Rock ($450k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $49k (12% of expenses). Other salaries and wages came to $126k. At year end it held assets of $167k against liabilities of $24k, net assets of $143k. It reported 3 employees.