Center for Inclusive Entrepreneurship

Analysis

Center for Inclusive Entrepreneurship is a registered charity in United States, based in Tukwila, 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, Center for Inclusive Entrepreneurship reported income of $1.1m and spending of $1.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $1.1m (+412%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 137%. 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, Center for Inclusive Entrepreneurship sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Magic Johnson Foundation ($1.1m), Astia ($1.1m) and Bridge II Pathways Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $100k (7.6% of expenses). Other salaries and wages came to $712k. It paid $73k in professional fundraising fees. At year end it held assets of $571k against liabilities of $272k, net assets of $299k. It reported 17 employees.