Cleveland-Bradley Business Incubator

Analysis

Cleveland-Bradley Business Incubator is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2024, Cleveland-Bradley Business Incubator reported income of $169k and spending of $156k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $185k to $169k (-8.5%), an average of -2.2% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland-Bradley Business Incubator sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Training Officers Consortium ($169k), Becks Place ($169k) and Leadmo ($169k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (42% of expenses). At year end it held assets of $319k against liabilities of $118k, net assets of $200k. It reported 1 employees.