Localization Lab Inc

Analysis

Localization Lab Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 2022, Localization Lab Inc reported income of $1.7m and spending of $856k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $312k to $1.7m (+440%), an average of +76% a year. The sharpest change came in the year to December 2022, when income rose by 440%. Over the whole period it spent 64% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Localization Lab Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Airborne Public Safety Association Incorporated ($1.7m), Stonewall Community Foundation ($1.7m) and Pro Bono Partnership of Ohio ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $437k. At year end it held assets of $1.0m against liabilities of $18k, net assets of $992k. It reported 8 employees.