Makeit Labs

Analysis

Makeit Labs is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in February 2015, 11 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, Makeit Labs reported income of $266k and spending of $185k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $266k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Makeit Labs sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Astrodome Conservancy ($266k), Temecula Valley Playhouse ($267k) and Houston International Film Festival ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.0% of the total. At year end it held assets of $779k against liabilities of $0, net assets of $779k.