Santa Fe Business Incubator Inc

Analysis

Santa Fe Business Incubator Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, Santa Fe Business Incubator Inc reported income of $783k and spending of $957k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $647k to $783k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Santa Fe Business Incubator Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Universal Tech Movement ($783k), Heppner Economic Development Corporation ($783k) and America for Veterans Foundation ($783k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $126k (13% of expenses). Other salaries and wages came to $192k. At year end it held assets of $3.8m against liabilities of $223k, net assets of $3.6m. It reported 5 employees.