Conservatory Lab Foundation Inc

Analysis

Conservatory Lab Foundation Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Conservatory Lab Foundation Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.0m (+26%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 261%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Conservatory Lab Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Graduate Center Foundation Housing Corporation ($2.0m), Liberty Christian Schools Incorporated ($2.0m) and Equal Chance for Education ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 8.0% of the total. Other salaries and wages came to $244k. At year end it held assets of $25.0m against liabilities of $22.9m, net assets of $2.1m. It reported 3 employees.