Axs Lab Inc

Analysis

Axs Lab Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in August 2010, 16 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, Axs Lab Inc reported income of $286k and spending of $374k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $264k to $286k (+8.1%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Axs Lab Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Outerarts Maryland Inc ($286k), Celebrate the Beat ($286k) and Ase Incorporated ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $119k against liabilities of $2,973, net assets of $116k. It reported 2 employees.