Salt Lick Incubator Incorporated

Analysis

Salt Lick Incubator Incorporated is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in August 2022, 4 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 June 2024, Salt Lick Incubator Incorporated reported income of $2.4m and spending of $979k, leaving 59% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $1.8m to $2.4m (+33%), an average of +33% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Lick Incubator Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Coconut Grove Arts & Historical ($2.4m), Multicultural Community Family Services Inc ($2.4m) and Site Santa Fe ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $260k. At year end it held assets of $2.7m against liabilities of $8,567, net assets of $2.7m. It reported 9 employees.