Missouri Innovation Center Inc

Analysis

Missouri Innovation Center Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in March 1986, 40 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 June 2023, Missouri Innovation Center Inc reported income of $587k and spending of $698k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $852k to $587k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Missouri Innovation Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include Clear Brook Volunteer Fire & Rescue Inc ($587k), Combined Organization for the Retarded ($587k) and Izaak Walton League of America Inc ($587k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $92k (13% of expenses). Other salaries and wages came to $216k. At year end it held assets of $801k against liabilities of $157k, net assets of $644k.