Startup Champions Network Inc

Analysis

Startup Champions Network Inc is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in November 2017, 9 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, Startup Champions Network Inc reported income of $94k and spending of $151k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $94k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startup Champions Network Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include United Fund Drive of Calvert City ($94k), College Club of Buffalo Inc ($94k) and Vocational Construction Trades Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 44% of the total. At year end it held assets of $100k against liabilities of $20k, net assets of $80k.