Public Laboratory for Open Technology and Science Inc

Analysis

Public Laboratory for Open Technology and Science Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Public Laboratory for Open Technology and Science Inc reported income of $136k and spending of $412k, spending 302% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $136k (-87%), an average of -40% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Laboratory for Open Technology and Science Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within LA. Charities of a similar size with the same main cause include Vistancia Elementary PTO ($136k), Gulf Breeze High School Soccer Boosters ($136k) and LA Vernia Education Foundation ($136k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $162k against liabilities of $77k, net assets of $86k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.