Wplab Inc

Analysis

Wplab Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Wplab Inc reported income of $248k and spending of $89k, leaving 64% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $101k to $248k (+146%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wplab Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include On Eagles Wings Inc ($248k), Vision for Life - Pittsburgh ($248k) and A Step Ahead Foundation of East Tennessee Inc ($248k).

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 $46k. At year end it held assets of $174k against liabilities of $4,807, net assets of $170k. It reported 2 employees.