Economic Growth Business Incubator

Analysis

Economic Growth Business Incubator is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Economic Growth Business Incubator reported income of $552k and spending of $468k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $435k to $552k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Economic Growth Business Incubator sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include The Gifted Child Society ($552k), Greater Ozarks Cooperating School Districts ($552k) and Motivate Our Minds Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $63k (13% of expenses). Other salaries and wages came to $224k. At year end it held assets of $465k against liabilities of $7,184, net assets of $457k. It reported 10 employees.