Impact Labs LLC

Analysis

Impact Labs LLC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact Labs LLC reported income of $110k and spending of $342k, spending 311% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $405k to $110k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Labs LLC sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include O C Small Paws Inc ($110k), Blue Diamond Growers Foundation ($110k) and Aziza Ghori Charitable Foundation ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.