B Lab Company

Analysis

B Lab Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, B Lab Company reported income of $29.6m and spending of $29.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $29.6m (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, B Lab Company sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Bay State Community Services Inc ($29.5m), BST Senior Living West Inc ($29.6m) and Key Human Services Inc ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.5m (4.9% of expenses). Other salaries and wages came to $13.2m. It paid $3,597 in professional fundraising fees. At year end it held assets of $14.4m against liabilities of $9.1m, net assets of $5.4m. It reported 132 employees.