Square1 Inc

Analysis

Square1 Inc is a registered charity in United States, based in Villa Hills, KY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover employment, 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, Square1 Inc reported income of $191k and spending of $152k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $191k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Square1 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Modesto Area Sheet Metal Apprenticeship Training Trust ($191k), Cocoa Beach Main Street Inc ($191k) and Blades Economic Development Corporation ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.