Street Lab Inc

Analysis

Street Lab Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Street Lab Inc reported income of $1.0m and spending of $961k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $1.0m (+363%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Street Lab Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Kern Economic Development Foundation ($1.0m), Castle Rock Senior Center Incorporated ($1.0m) and Illinois Coalition for Community Services ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $144k (15% of expenses). Other salaries and wages came to $320k. At year end it held assets of $532k against liabilities of $19k, net assets of $512k. It reported 36 employees.