Hexlabs Inc

Analysis

Hexlabs Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2019, 7 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 2022, Hexlabs Inc reported income of $133k and spending of $148k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $134k to $133k (-0.8%), an average of -0.3% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hexlabs Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Virginia Tech Alumni Association ($133k), Marysville Viking Regiment Boosters Club Inc ($133k) and Bernville Area Community Library Association ($133k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.