Mansfield Bio-Incubator Inc

Analysis

Mansfield Bio-Incubator Inc is a registered charity in United States, based in Mansfield, MA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mansfield Bio-Incubator Inc reported income of $937k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $937k (+202%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 994%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mansfield Bio-Incubator Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Spectrum Dance Theater ($937k), Documentary Arts Inc ($937k) and Gold Coast Jazz Society Inc ($936k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $314k (25% of expenses). At year end it held assets of $7.2m against liabilities of $3.8m, net assets of $3.4m. It reported 3 employees.