Social Good Labs Incorporated

Analysis

Social Good Labs Incorporated is a registered charity in United States, based in Kapaa, HI. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Social Good Labs Incorporated reported income of $1.4m and spending of $709k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $454k to $1.4m (+217%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 366%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Good Labs Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include Periwinkle Foundation ($1.4m), United Way of Comal County ($1.4m) and Nova Labs Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.