Labor Education & Research Project

Analysis

Labor Education & Research Project is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover employment, 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, Labor Education & Research Project reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $887k to $1.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Labor Education & Research Project sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Texas Medical Association Foundation ($1.4m), Independent Electrical Contractors Foundation ($1.4m) and Interfaith Movement for Human Integrity ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $51k (3.7% of expenses). Other salaries and wages came to $732k. At year end it held assets of $2.3m against liabilities of $225k, net assets of $2.1m. It reported 16 employees.