Key Tech Labs

Analysis

Key Tech Labs is a registered charity in United States, based in Des Moines, WA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Key Tech Labs reported income of $54k and spending of $60k, spending 110% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $13k to $54k (+329%), an average of +329% a year. The sharpest change came in the year to December 2022, when income rose by 329%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Key Tech Labs sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 15th percentile within WA. Charities of a similar size with the same main cause include Friends of the Rogers Memorial Library ($54k), Logan Guyandotte Improvement Committee Inc ($54k) and Severna Park Middle School PTO Inc ($54k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,084 against liabilities of $0, net assets of $1,084.