The New Bohemian Innovation Collaborative Inc

Analysis

The New Bohemian Innovation Collaborative Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The New Bohemian Innovation Collaborative Inc reported income of $2.5m and spending of $2.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The New Bohemian Innovation Collaborative Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Northeast Mississippi Community College Development Foundation Inc ($2.5m), Foundation for Mississippi History ($2.5m) and Antiques and Garden Show of Nashville Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $117k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $955k against liabilities of $1.8m, net assets of -$874k. It reported 28 employees.