Co Labs Inc

Analysis

Co Labs Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 2008, 18 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, Co Labs Inc reported income of $101k and spending of $113k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $101k (+2.9%), an average of +2.9% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Co Labs Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Community Scholarship Fund of Barrington Inc ($101k), Alliance for Quality Education ($101k) and Georgia Teachers of English to Speakers of Other Languages Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 51% of the total. At year end it held assets of $8,691 against liabilities of $15k, net assets of -$6,309.