Xbot Robotics

Analysis

Xbot Robotics is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2010, 16 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, Xbot Robotics reported income of $319k and spending of $367k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $248k to $319k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Xbot Robotics sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Cheyenne PTO Inc ($319k), Ploughshare Institute for Sustainable Culture ($319k) and Western Washington Theatrical Training TR ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $56k (15% of expenses). It paid $39k in professional fundraising fees. At year end it held assets of $269k against liabilities of $649, net assets of $269k. It reported 1 employees.