Engin Inc

Analysis

Engin Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in September 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 December 2023, Engin Inc reported income of $1.2m and spending of $799k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $1.2m (+721%), an average of +721% a year. The sharpest change came in the year to December 2023, when income rose by 721%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engin Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Peabody Access Telecommunications Inc ($1.2m), Brandon House Cultural & Performing Arts Center ($1.2m) and Dr Carter G Woodson African American Museum Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $93k (12% of expenses). Other salaries and wages came to $122k. At year end it held assets of $536k against liabilities of $0, net assets of $536k.