City Startup Labs Inc

Analysis

City Startup Labs Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, City Startup Labs Inc reported income of $799k and spending of $881k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $285k to $799k (+180%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, City Startup Labs Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Asian Americans United ($798k), Baytown Youth Fair and Livestock Association Inc ($799k) and Math Enrichment Summer Academy Inc ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $105k (12% of expenses). At year end it held assets of $452k against liabilities of $137k, net assets of $315k. It reported 1 employees.