Eigerlab NFP

Analysis

Eigerlab NFP is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Eigerlab NFP reported income of $68k and spending of $44k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $499k to $68k (-86%), an average of -63% a year. The sharpest change came in the year to June 2023, when income dropped by 82%. Over the whole period it spent 127% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eigerlab NFP sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Mauston Wrestling Club Inc ($68k), Pedals Michigan ($68k) and Main Street Dumas Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $65k against liabilities of $21k, net assets of $44k.