Transmit Receive Labs Inc

Analysis

Transmit Receive Labs Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Transmit Receive Labs Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.3m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transmit Receive Labs Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Lower Columbia College Foundation ($3.3m), Georgia Leadership Institute for School Improvement Inc ($3.3m) and Friends of Inwood Academy for Leadership Charter School Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $458k, net assets of $841k. It reported 31 employees.