Finreglab Inc

Analysis

Finreglab Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2018, 8 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 2023, Finreglab Inc reported income of $3.4m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $3.4m (+1611%), an average of +103% a year. The sharpest change came in the year to December 2020, when income rose by 497%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Finreglab Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Ensemble Theater ($3.4m), Davis Performing Arts Association ($3.4m) and Lake States Dairy Center Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $216k (7.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.3m against liabilities of $539k, net assets of $1.8m. It reported 14 employees.