Civ Lab Incorporated

Analysis

Civ Lab Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Civ Lab Incorporated reported income of $2.8m and spending of $2.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $2.8m (+1820%), an average of +109% a year. The sharpest change came in the year to December 2022, when income rose by 899%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Civ Lab Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Greater Miami Service Corps ($2.8m), Ceo Leadership Alliance Orange County ($2.8m) and Pierce County Community Development Corporation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $213k (11% of expenses). Other salaries and wages came to $122k. At year end it held assets of $2.3m against liabilities of $13k, net assets of $2.3m. It reported 3 employees.