Hackrva Labs

Analysis

Hackrva Labs is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Hackrva Labs reported income of $81k and spending of $65k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $52k to $81k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hackrva Labs sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Racine Area Veterans Inc ($81k), Graham County Historical Association ($81k) and Project Y Theatre Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.