The Laboratory Theater of Florida Inc

Analysis

The Laboratory Theater of Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Laboratory Theater of Florida Inc reported income of $265k and spending of $318k, spending 120% of what it took in. Across the 5 years on record, from December 2017 to December 2022, income fell from $314k to $265k (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2019, when income rose by 103%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Laboratory Theater of Florida Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Vietbay Inc ($265k), Athletes in Rochester Incorporated ($265k) and Nia Centre ($265k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $17k (5.5% of expenses). Other salaries and wages came to $70k. At year end it held assets of $524k against liabilities of $21k, net assets of $502k. It reported 3 employees.