Awesome Center for Entrepreneurship Inc

Analysis

Awesome Center for Entrepreneurship Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Awesome Center for Entrepreneurship Inc reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Awesome Center for Entrepreneurship Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Aci Center of Excellence for Nonmetallics in Building Materials ($1.0m), Never Forgotten Honor Flight Inc ($1.0m) and Australian International Screen Forum Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (9.8% of expenses). At year end it held assets of $717k against liabilities of $12k, net assets of $705k.