Labor and Industry for Education Inc

Analysis

Labor and Industry for Education Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in May 1997, 29 years ago. 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, Labor and Industry for Education Inc reported income of $9.4m and spending of $9.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.3m to $9.4m (-16%), an average of -4.4% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Labor and Industry for Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include St Luke Homes & Services Inc ($9.4m), Fund for Constitutional Government ($9.4m) and The Naval Institute Foundation Incorporated ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $776k (8.5% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $22.2m against liabilities of $10.9m, net assets of $11.3m. It reported 109 employees.