Incubate
We help ensure patients continue to benefit from the unrelenting innovation spurred by venture capital investment in life sciences and protected by America's intellectual property system.
Incubate at a glance
In short: Incubate gave $30K across 1 grant in 2024 (avg $30K), mostly in District of Columbia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $30,000
- -52.0% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $30,000
- -4.0% vs 2023
- Median grant
- $30,000
- Total assets
- $967,600
- +762.0% vs 2023
- Primary geography
- District of Columbia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Incubate funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Springboard 2000 Enterprises Inc ($30K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Incubate gives
- Giving grew 20% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $25K (2021) to $114K (2022). In 2024 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Springboard 2000 Enterprises Inc Washington, DC | General Program Support | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $967,600 | $1,800,052 | $1,249,776 | $30,000 | 1 | $52 |
| 2023 | $112,251 | $995,261 | $1,077,071 | $62,500 | 2 | $261 |
| 2022 | $194,061 | $715,051 | $728,440 | $114,000 | 4 | $51 |
| 2021 | $239,450 | $2,275,055 | $2,202,719 | $25,000 | 1 | $30 |
About Incubate
Based on IRS filings
Incubate is a public charity, based in Washington, DC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $968K in total assets. In 2024, it awarded 1 grant totaling $30K. Net investment income was $52.
Leadership & Key People
Officers and directors from IRS filings
Incubate is led by Lindsay Androski, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lindsay Androski
President
On filings since 2021
4 hrs/week
No compensation reported
Christine Brennan
Secretary
On filings since 2023
4 hrs/week
No compensation reported
Laura Gunter
Treasurer
On filings since 2023
4 hrs/week
No compensation reported
Former officers (2)
- Former: Janis Naeve (2021–2022) — Treasurer
- Former: Steve Gibson (2021–2022) — Secretary
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Incubate
How much does Incubate give each year?
Incubate gave $30K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $63K across 2 grants.
How large is Incubate?
Incubate reported $968K in total assets on its 2024 IRS Form 990. Its revenue that year was $1.8M.
Where does Incubate operate?
Incubate has awarded grants in District of Columbia, Massachusetts, Maryland, Virginia.
What is Incubate's EIN?
Incubate's EIN (Employer Identification Number) is 85-4136963. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2021–2024
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Figures come from Incubate's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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