Iron Light Labs

Analysis

Iron Light Labs is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2022, 4 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 2023, Iron Light Labs reported income of $1.7m and spending of $1.9m, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $916k to $1.7m (+90%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Iron Light Labs 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 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include The Arc-Jefferson Clear Creek & Gilpin Counties ($1.7m), Next Step of West Michigan ($1.7m) and Nacdl Foundaton for Criminal Jusitce ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $39k against liabilities of $126k, net assets of -$87k. It reported 4 employees.