Education Incubator

Analysis

Education Incubator is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Education Incubator reported income of $428k and spending of $650k, spending 152% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $366k to $428k (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Incubator sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within HI. Charities of a similar size with the same main cause include New Hope Chinese Cancer Care Foundation ($428k), Exploration Foundation ($428k) and Avasara Foundation ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $105k (16% of expenses). Other salaries and wages came to $153k. At year end it held assets of $447k against liabilities of $3,136, net assets of $444k. It reported 3 employees.