Reframe Labs Inc

Analysis

Reframe Labs Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Reframe Labs Inc reported income of $508k and spending of $470k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $262k to $508k (+94%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reframe Labs Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Parent Booster USA Inc ($507k), Page High School PTO ($508k) and Sound Foundations of Rochester Inc ($507k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $200k. At year end it held assets of $357k against liabilities of $325k, net assets of $33k. It reported 1 employees.