T3 Labs

Analysis

T3 Labs is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, T3 Labs reported income of $9.2m and spending of $10.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $9.2m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, T3 Labs sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Maranatha Human Services Inc ($9.2m), Summit County Family Resource Center ($9.2m) and Civic Heart Community Services ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $12.9m against liabilities of $8.6m, net assets of $4.2m.