Incubadora Microempresa Bieke Inc

Analysis

Incubadora Microempresa Bieke Inc is a registered charity in United States, based in Vieques, PR. It received its IRS tax-exemption ruling in November 2009, 17 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 December 2023, Incubadora Microempresa Bieke Inc reported income of $61k and spending of $62k, spending 102% of its income. Across the 3 years on record, from December 2018 to December 2023, income fell from $423k to $61k (-86%), an average of -62% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Incubadora Microempresa Bieke Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 18th percentile within PR. Charities of a similar size with the same main cause include Better Business Bureau of Arkansas Education Foundation Inc ($61k), Manchester Community Chicken Broil Inc ($61k) and Human Action Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $940, net assets of $78k.