National Center for Innovation and Excellence Inc

Analysis

National Center for Innovation and Excellence Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in August 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Center for Innovation and Excellence Inc reported income of $650k and spending of $782k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $96k to $650k (+578%), an average of +61% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Center for Innovation and Excellence Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Pan Asian Repertory Theatre Inc ($649k), Amarillo Art Institute Inc ($650k) and Lynn Community Television Inc ($649k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $613k. At year end it held assets of $530k against liabilities of $520k, net assets of $9,517. It reported 7 employees.