Incubator Kitchen Collective Co

Analysis

Incubator Kitchen Collective Co is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Incubator Kitchen Collective Co reported income of $303k and spending of $268k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $303k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Incubator Kitchen Collective Co sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Community Day Care Association Inc ($303k), Parts and Crafts Inc ($303k) and Ericas House ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $73k. At year end it held assets of $80k against liabilities of $619, net assets of $79k. It reported 5 employees.