Ui Labs

Analysis

Ui Labs is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2014, 12 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 2023, Ui Labs reported income of $24.7m and spending of $29.9m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.2m to $24.7m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 150% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ui Labs sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Ethel Walker School Inc ($24.7m), Little Star Center Inc ($24.7m) and Third Future Schools-Texas ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $2.1m (6.9% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $38.3m against liabilities of $22.7m, net assets of $15.6m. It reported 92 employees.