Feedback Labs Inc

Analysis

Feedback Labs Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Feedback Labs Inc reported income of $1.9m and spending of $998k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.9m (+125%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 406%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Feedback Labs Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Columbus Area United Way Inc ($1.9m), United Way of Rutherford County Inc ($1.9m) and Serve Spokane ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $194k (19% of expenses). Other salaries and wages came to $373k. At year end it held assets of $2.6m against liabilities of $95k, net assets of $2.5m. It reported 6 employees.