Wisconsin Business Innovation Corporation

Analysis

Wisconsin Business Innovation Corporation is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Wisconsin Business Innovation Corporation reported income of $298k and spending of $309k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $298k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income dropped by 36%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wisconsin Business Innovation Corporation 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 62nd percentile, and in the 61st percentile within WI. Charities of a similar size with the same main cause include Lincoln School Senior Apartments ($298k), Team Up with Families Inc ($298k) and Bethany House of Cumberland County Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 31% of the total. At year end it held assets of $2.8m against liabilities of $351k, net assets of $2.5m.