Peoria Innovation Hub NFP

Analysis

Peoria Innovation Hub NFP is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 September 2023, Peoria Innovation Hub NFP reported income of $1.0m and spending of $473k, leaving 55% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $2.3m to $1.0m (-54%), an average of -32% a year. The sharpest change came in the year to September 2022, when income dropped by 62%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peoria Innovation Hub NFP 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 79th percentile within IL. Charities of a similar size with the same main cause include Edith B Jackson Child Care Program Inc ($1.0m), Chula Vista Youth Soccer League ($1.0m) and Tinkers Creek Watershed Partnersinc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $680k, net assets of $3.1m.