Northern Arizona Technology & Business Incubator

Analysis

Northern Arizona Technology & Business Incubator is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in June 2001, 25 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, Northern Arizona Technology & Business Incubator reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $982k to $1.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Arizona Technology & Business Incubator sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Central District Management Assocation ($1.3m), Eastern American Certified Development Company Inc ($1.3m) and Oakland Chinatown Improvement Council ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $268k (23% of expenses). Other salaries and wages came to $331k. At year end it held assets of $572k against liabilities of $284k, net assets of $288k. It reported 9 employees.