New Markets Lab

Analysis

New Markets Lab is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Markets Lab reported income of $724k and spending of $614k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $724k (+54%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Markets Lab sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Amherst Meals on Wheels Inc ($724k), Community Food Advocates Inc ($724k) and Shepherds Arms Rescue Mission Inc ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $240k (39% of expenses). Other salaries and wages came to $70k. At year end it held assets of $137k against liabilities of $13k, net assets of $124k. It reported 2 employees.