Unlocked Labs

Analysis

Unlocked Labs is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unlocked Labs reported income of $1.9m and spending of $625k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $263k to $1.9m (+613%), an average of +613% a year. The sharpest change came in the year to December 2023, when income rose by 613%. Over the whole period it spent 36% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Unlocked Labs 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 85th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include Aspire Youth & Family Inc ($1.9m), Elder Care Services of Dekalb County Inc ($1.9m) and American Jail Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $223k. It paid $750 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $6,472, net assets of $1.4m. It reported 15 employees.