Labyrinth Inc

Analysis

Labyrinth Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2002, 24 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 June 2023, Labyrinth Inc reported income of $261k and spending of $431k, spending 165% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $208k to $261k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Labyrinth Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Fallon Post ($261k), Hawaii Childrens Theatre ($261k) and Trail of Tears Association ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $9,350 (2.2% of expenses). Other salaries and wages came to $124k. It paid $29k in professional fundraising fees. At year end it held assets of $129k against liabilities of $213k, net assets of -$84k. It reported 20 employees.