University Enterprise Laboratories Inc

Analysis

University Enterprise Laboratories Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover science and technology, 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 2023, University Enterprise Laboratories Inc reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University Enterprise Laboratories Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include South Shore Conservatory of Music Inc ($4.1m), Rhode Island Historical Society ($4.1m) and Indianapolis Art Center Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $64k (1.6% of expenses). At year end it held assets of $20.3m against liabilities of $16.0m, net assets of $4.3m. It reported 1 employees.