Civic Hall Labs Inc

Analysis

Civic Hall Labs Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2015, 11 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 September 2023, Civic Hall Labs Inc reported income of $604k and spending of $7.1m, spending 1175% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $7.0m to $604k (-91%), an average of -46% a year. The sharpest change came in the year to September 2022, when income rose by 454%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Civic Hall Labs Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Central Six Development Council ($603k), Computercorps ($604k) and Affiliated Tribes of Northwest Indians-Economic Development Corp ($603k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $290k (4.1% of expenses). Other salaries and wages came to $126k. At year end it held assets of $117.2m against liabilities of $72.4m, net assets of $44.8m. It reported 4 employees.