Superior Business Center Inc

Analysis

Superior Business Center Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover employment, 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 2023, Superior Business Center Inc reported income of $503k and spending of $449k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $503k (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Superior Business Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Forwardtn ($503k), Digital Organizing Power-Building and Engagement Labs-Dope Labs ($503k) and Ignite Technology and Innovation Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $30k (6.7% of expenses). At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $157k.