The John B Pierce Laboratory Inc

Analysis

The John B Pierce Laboratory Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, The John B Pierce Laboratory Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.0m to $4.7m (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The John B Pierce Laboratory Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Bristol Riverside Theater Co Inc ($4.7m), The Asme Foundation Inc ($4.7m) and Madison Childrens Museum Foundation Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $638k (14% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.3m against liabilities of $1.3m, net assets of $4.0m. It reported 29 employees.