High Concept Laboratories NFP

Analysis

High Concept Laboratories NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2022, 4 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 December 2023, High Concept Laboratories NFP reported income of $174k and spending of $176k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $174k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, High Concept Laboratories NFP sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Arts Marketplace at Studio Park ($174k), Yydc Inc ($174k) and Al-Nahda Centernfp ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. At year end it held assets of $28k against liabilities of $41, net assets of $28k.