Inncuvate Community Development Partners Inc

Analysis

Inncuvate Community Development Partners Inc is a registered charity in United States, based in Largo, MD. It received its IRS tax-exemption ruling in May 2020, 6 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, Inncuvate Community Development Partners Inc reported income of $50k and spending of $68k, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $13k to $50k (+285%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 457%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inncuvate Community Development Partners Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Here Am I SEND Me Foundation ($50k), Rethink Coalition Inc ($50k) and Communities of Concern Commission ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,741 against liabilities of $294, net assets of $2,447.