Laboratory for Icon & Idiom Inc

Analysis

Laboratory for Icon & Idiom Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, 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, Laboratory for Icon & Idiom Inc reported income of $453k and spending of $465k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $453k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laboratory for Icon & Idiom Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Mindbridge ($453k), Moxie Theatre Incorporated ($453k) and Audience of One Youth Theater ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $62k. At year end it held assets of $119k against liabilities of $135k, net assets of -$16k. It reported 1 employees.