Labstart Innovations Inc

Analysis

Labstart Innovations Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Labstart Innovations Inc reported income of $1.2m and spending of $483k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $1.2m (+1351%), an average of +1351% a year. The sharpest change came in the year to December 2023, when income rose by 1351%. Over the whole period it spent 42% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Labstart Innovations Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Na Kama Kai ($1.2m), Climate Solutions Accelerator of the Genesee-Finger Lakes Region in ($1.2m) and Womens Voices for the Earth ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $288k (60% of expenses). Other salaries and wages came to $49k. At year end it held assets of $771k against liabilities of $24k, net assets of $746k. It reported 3 employees.