Kashif Incubator Inc

Analysis

Kashif Incubator Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kashif Incubator Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.8m to $2.2m (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kashif Incubator Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include International Sculpture Center Inc ($2.2m), Kirby Family Farm ($2.2m) and Artistic Freedom Initiative Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $781k (36% of expenses). At year end it held assets of $2.2m against liabilities of $51k, net assets of $2.2m.