Yes Lab Inc

Analysis

Yes Lab Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in February 2014, 12 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 August 2023, Yes Lab Inc reported income of $285k and spending of $257k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $741k to $285k (-62%), an average of -21% a year. The sharpest change came in the year to August 2023, when income rose by 334%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yes 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 Alabama Conference of Black Mayors ($285k), Muncie Arts and Culture Council Inc ($285k) and Red Earth Inc ($285k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. At year end it held assets of $106k against liabilities of $123k, net assets of -$18k.