Athena Rapid Response Innovation Lab

Analysis

Athena Rapid Response Innovation Lab is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2021, Athena Rapid Response Innovation Lab reported income of $252k and spending of $285k, spending 113% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $328k to $252k (-23%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Athena Rapid Response Innovation Lab sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Bristol Bay Historical Society Inc ($252k), Folklore Society of Greater Washington ($252k) and Northeast Georgia History Center at Brenau University Inc ($252k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $57k against liabilities of $6,176, net assets of $51k.