Cwi Labs Inc

Analysis

Cwi Labs Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover employment, 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 June 2023, Cwi Labs Inc reported income of $474k and spending of $315k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $79k to $474k (+497%), an average of +56% a year. The sharpest change came in the year to June 2022, when income rose by 264%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cwi Labs Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Humanitas Inc ($473k), Whole Family Community Iniative Incorporated ($474k) and Ripple Effects Group ($473k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $68k (22% of expenses). Other salaries and wages came to $101k. At year end it held assets of $116k against liabilities of $0, net assets of $116k.