William M Factory Small Business Incubator

Analysis

William M Factory Small Business Incubator is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 1996, 30 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 2024, William M Factory Small Business Incubator reported income of $557k and spending of $254k, leaving 54% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $185k to $557k (+201%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 192%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, William M Factory Small 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 71st percentile within WA. Charities of a similar size with the same main cause include Multifaith Neighbors Network Inc ($557k), Pike County Sheltered Workshop Inc ($557k) and Design Thinking Hawaii ($557k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $86k (34% of expenses). Other salaries and wages came to $41k. At year end it held assets of $3.1m against liabilities of $29k, net assets of $3.1m. It reported 4 employees.