Kura Labs Inc

Analysis

Kura Labs Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Kura Labs Inc reported income of $2.1m and spending of $929k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $263k to $2.1m (+690%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kura Labs Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Propel Schools Foundation ($2.1m), Delphi Academy of Boston Inc ($2.1m) and Summit Academy Community School - Cincinnati ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $169k (18% of expenses). Other salaries and wages came to $388k. It paid $15k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.5m.