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Five One Labs Inc

EIN 82-1623382 · Salem, NH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceStrong94 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FIVE ONE LABS IS AN INTERNATIONAL, IMPACT-DRIVEN ORGANIZATION THAT SUPPORTS ENTREPRENEURS FROM CONFLICT-AFFECTED AND UNDERSERVED COMMUNITIES TO LAUNCH AND GROW SCALABLE BUSINESSES THAT DRIVE POSITIVE CHANGE. OUR MISSION IS TO USE ENTREPRENEURSHIP TO ENABLE INDIVIDUALS TO REBUILD

Income
$2.3 million
Spending
$1.2 million
Spent on programs
79%
Reserves
11.4 months of spending
Largest source of income
donations and private grants, 98%
Employees
2
Volunteers
127
Highest pay
$83,876, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 75% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.4 months of spending.

  • Debt

    16 of 20

    It owes 15% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 48% of income.

  • Income trend

    15 of 15

    Income rose 82% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 94 out of 100. Higher than 61% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    5 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $503,736 spent. DURING FIVE ONE LABS EIGHTH YEAR OF OPERATIONS IN THE KURDISTAN REGION OF IRAQ, WE EXPANDED OUR IMPACT THROUGH CORE INTENSIVE PROGRAMMING AND NEW THEMATIC ACTIVITIES TO ADDRESS LOCAL CHALLENGES RELATING TO CLIMATE AND SUSTAINABILITY, RURAL ECONOMIC DEVELOPMENT AND DIGITAL SKILLS BUILDING FOR YOUTH. WE CONTINUED OUR ORANGE CORNERS PARTNERSHIP WITH THE INCUBATION OF 41 STARTUPS, INCLUDING A FIRST-EVER FULLY KURDISH LANGUAGE COHORTS. THROUGH OUR BUSINESS BACKING PROGRAM WE PROMOTED MARKET ACCESS AND BUSINESS GROWTH FOR NEARLY 100 FORCIBLY DISPLACED POPULATIONS-RELATED ENTERPRISES. WE LAUNCHED TECHLANA, A SIX-MONTH DEVELOPMENT SPRINT FOR 16 IT STUDENTS AND GRADUATES IN SULAIMANI. THROUGH ADDITIONAL PROGRAMS, WE CONVENED 16 WOMEN LEADERS FOR CAPACITY BUILDING WORKSHOPS RELATED TO BUSINESS AND CLIMATE RESILIENCE AND BEGAN RESEARCH FOR PROGRAMMING TO FIND INNOVATIVE WAYS TO TACKLE FOOD WASTE IN ERBIL. BEYOND ENTREPRENEURSHIP, WE INTRODUCED DIGITAL EXPLORERS, A SIX-MONTH
  2. $371,959 spent. FIVE ONE LABS GREW OUR TEAMS AND PROGRAMS IN BARRANQUILLA, COLOMBIA IN FY25, INCREASING OUR ENTREPRENEUR REACH, EMBEDDING OUR ROLE IN THE LOCAL ECOSYSTEM AND ADAPTING OUR PROGRAMS TO SERVE THE EVOLVING NEEDS OF OUR COMMUNITY. WE CONTINUED OUR FEM PROGRAM FOR SCALE-UP BUSINESSES THROUGH THE SUPPORT OF 20 WOMEN ENTREPRENEURS, 55% OF WHOM WERE DISPLACED, RETURNEE, OR CONFLICT-AFFECTED AND 65% OF WHOM INCREASED BUSINESS REVENUE BY THE PROGRAM END. WE INCUBATED TWO COHORTS OF ENTREPRENEURS WITH 33 BUSINESSES AND TO PROVIDE MORE TAILORED SUPPORT, WE PILOTED A NEW METHOD OF INCUBATION TO SEGMENT ENTREPRENEURS WORKING AT THE IDEA-STAGE FROM THOSE INNOVATING EXISTING BUSINESS MODELS. THROUGH SHORTER BOOTCAMPS AND ECOSYSTEM ACTIVITIES, WE REACHED MORE THAN 500 OTHER ENTREPRENEURS.
  3. $30,011 spent. IN FY25 WE TESTED OUR MODEL OUTSIDE OF OUR CORE GEOGRAPHIES IN THE KURDISTAN REGION OF IRAQ AND BARRANQUILLA, COLOMBIA. WE PILOTED A US-BASED PROGRAM, BUSINESS BLOOM, TO SUPPORT 20 IMMIGRANT AND REFUGEE ENTREPRENEURS TO LAUNCH AND FORMALIZE 17 SMALL BUSINESSES IN RALEIGH, NORTH CAROLINA. THROUGH OUR TECHLAB PROGRAM IN CARTAGENA AND CALI WE EXPLORED NEW CITIES FOR EXPANSION FOR FIVE ONE LABS IN COLOMBIA BY PILOTING OUR BOOTCAMPS WITH 15 STARTUPS.
  4. CONTINUATION OF LINE 4ATRAINING PROGRAM TO EQUIP 20 ASPIRING DATA ANALYSTS WITH SKILLS AND CONNECT THEM TO EMPLOYMENT.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.