Platteville Business Incubator Inc

Analysis

Platteville Business Incubator Inc is a registered charity in United States, based in Platteville, WI. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Platteville Business Incubator Inc reported income of $236k and spending of $235k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $236k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Platteville Business Incubator Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Georgia Economic Development Foundation Inc ($236k), Southeast Arkansas Regional Planning Commission ($236k) and Arab-American Development Corp ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.1m against liabilities of $484k, net assets of $604k. It reported 1 employees.