The Laboratory Safety Institute Inc

Analysis

The Laboratory Safety Institute Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Laboratory Safety Institute Inc reported income of $382k and spending of $513k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $382k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Laboratory Safety Institute Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Agape Christian School of Sarasota Inc ($382k), Cambridge Nursery School Inc ($382k) and Access Educational Services Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $285k (56% of expenses). Other salaries and wages came to $83k. At year end it held assets of $140k against liabilities of $77k, net assets of $63k. It reported 7 employees.