Lookup Incubator Inc

Analysis

Lookup Incubator Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in March 2021, 5 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 June 2024, Lookup Incubator Inc reported income of $58k and spending of $76k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $214k to $58k (-73%), an average of -28% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lookup Incubator Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Tenney Memorial Library Inc ($58k), Edcenter Inc ($58k) and Ste Genevieve School District R-2 Foundation ($58k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $2,800, net assets of $136k.