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Finreglab Inc

EIN 82-2842970 · Washington, DC

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

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FINREGLAB IS A D.C.-BASED RESEARCH ORGANIZATION WORKING AT THE INTERSECTION OF FINANCIAL INNOVATION AND PUBLIC POLICY. OUR MISSION IS TO ADVANCE TECHNOLOGY AND DATA USE TO HELP PEOPLE AND SMALL BUSINESSES MANAGE THEIR FINANCIAL LIVES, WEATHER ECONOMIC SHOCKS, AND BUILD LONG-TERM SECURITY.

Income
$2.9 million
Spending
$3.8 million
Spent on programs
72%
Reserves
1.2 months of spending
Largest source of income
donations and private grants, 93%
Employees
13
Volunteers
10
Highest pay
$313,800, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 9% of charities in its peer group (science, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.2 months of spending.

  • Debt

    10 of 20

    It owes 47% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 31% of income.

  • Income trend

    5 of 15

    Income fell 16% on the year before.

  • Spending floor

    15 of 15

    71% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 41% of charities in its peer group (science, $1m to $10m).

  • Independent board

    25 of 25

    10 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no 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

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

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

Source: Form 990 for the year ending December 31, 2024, 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. $1.4 million spent. AI IN FINANCIAL SERVICES: THE ORGANIZATION CONDUCTS EMPIRICAL RESEARCH AND FACILITATES DIALOGUE ACROSS THE PUBLIC POLICY, FINANCIAL, TECHNOLOGY, ADVOCACY, AND ACADEMIC SECTORS TO EXAMINE THE POTENTIAL OF ARTIFICIAL INTELLIGENCE (AI)/MACHINE LEARNING (ML) TO IMPROVE FINANCIAL INCLUSION AND FINANCIAL WELL-BEING. THE WORK ALSO INCLUDES EXAMINING AI/ML ACROSS A VARIETY OF FINANCIAL SECTOR USE CASES TO EVALUATE CUSTOMER IMPACT, MARKET PRACTICES, AND PUBLIC POLICY.
  2. $915,976 spent. SMALL BUSINESS RESEARCH: THE ORGANIZATION IS CONDUCTING RESEARCH INTO THE VALUE OF BANK ACCOUNTS AND OTHER NON-TRADITIONAL DATA FOR INCREASING CREDIT ACCESS TO MINORITY BUSINESS ENTERPRISES AND OTHER SMALL COMPANIES. THE PROGRAM IS ALSO FOCUSED ON HELPING MISSION-BASED LENDERS INCREASE THE SCALE OF THEIR OPERATIONS.
  3. $248,036 spent. PROGRAM RESEARCH - THIS PROGRAM INCLUDES EXPLORATORY AND PLANNING WORK FOR FUTURE EMPIRICAL PROJECT OPPORTUNITIES AND SMALLER PROGRAM INITIATIVES THAT ADVANCE THE ORGANIZATION'S MISSION OF INTERROGATING TECHNOLOGY AND DATA FOR FINANCIAL INCLUSION AND FINANCIAL WELL-BEING.
  4. $116,909 spent. OTHER PROGRAMS: CASH-FLOW ANALYSIS FOR ASSESSING DISTRESSED BORROWERS AND INTERNATIONAL DATA & TECHNOLOGY IN CREDIT UNDERWRITING

Source: Form 990 for the year ending December 31, 2024, 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 November 6, 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 December 2024.

    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 September 2018.

    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 November 4, 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.