Labyrinth Society Inc

Analysis

Labyrinth Society Inc is a registered charity in United States, based in Hilton, NY. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Labyrinth Society Inc reported income of $131k and spending of $96k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $131k (+15%), an average of +15% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Labyrinth Society Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Waves of Compassion Foundation ($131k), Elkhartcares Inc ($131k) and Project 58-10 Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 75% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.