Gearbox Labs Inc

Analysis

Gearbox Labs Inc is a registered charity in United States, based in S Milwaukee, WI. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Gearbox Labs Inc reported income of $115k and spending of $122k, spending 106% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income grew from $51k to $115k (+125%), an average of +125% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gearbox Labs Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Walden School Inc ($115k), Twin Lakes Literacy Council ($115k) and California State Pipe Trades Council Scholarship Foundation ($115k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 92% of the total. At year end it held assets of $4,500 against liabilities of $0, net assets of $4,500.