Usc Columbia Technology Incubator

Analysis

Usc Columbia Technology Incubator is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 2012, 14 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 2022, Usc Columbia Technology Incubator reported income of $922k and spending of $1.1m, spending 122% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $750k to $922k (+23%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Usc Columbia Technology Incubator sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Vigilant Hope Inc ($921k), Lassen Economic Development Corp ($922k) and Together SC ($921k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 37% of the total. Other salaries and wages came to $53k. At year end it held assets of $573k against liabilities of $216k, net assets of $357k. It reported 5 employees.