Alethia Labs Inc

Analysis

Alethia Labs Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 2014, 12 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 2022, Alethia Labs Inc reported income of $3.7m and spending of $3.1m, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $881k to $3.7m (+325%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 181%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alethia Labs Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Heart Math Tutoring Inc ($3.7m), Toledo Preparatory and Fitness Academy ($3.7m) and Readyct Inc ($3.7m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $518k (17% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $990k against liabilities of $0, net assets of $990k. It reported 21 employees.