Cold Spring Harbor Laboratory

Analysis

Cold Spring Harbor Laboratory is a registered charity in United States, based in Cold SPG HBR, NY. It received its IRS tax-exemption ruling in August 1964, 62 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, Cold Spring Harbor Laboratory reported income of $258.0m and spending of $190.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $307.6m to $258.0m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cold Spring Harbor Laboratory sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include National Gallery of Art ($250.9m), Climateworks Foundation ($266.5m) and Educational Media Foundation ($242.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $6.0m (3.2% of expenses). Other salaries and wages came to $67.7m. At year end it held assets of $1.24bn against liabilities of $142.8m, net assets of $1.10bn. It reported 1,209 employees.