Souther Tier High Technology Incubator Inc

Analysis

Souther Tier High Technology Incubator Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Souther Tier High Technology Incubator Inc reported income of $965k and spending of $1.9m, spending 195% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $461k to $965k (+109%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 240% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Souther Tier High Technology Incubator Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Kaleidoscope School ($964k), Greenwich Alliance for Educationfoundation Inc ($965k) and Kansas Parents As Teacher Association ($964k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $213k. At year end it held assets of $11.5m against liabilities of $274k, net assets of $11.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.