Baltimore Lab School Inc

Analysis

Baltimore Lab School Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Baltimore Lab School Inc reported income of $7.2m and spending of $7.3m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.3m to $7.2m (-2.0%), an average of -0.4% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baltimore Lab School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Cowden Street Collaborative ($7.2m), National Child Research Center ($7.2m) and Lynden Christian School Endowment Fund ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $222k (3.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $7.6m against liabilities of $1.9m, net assets of $5.7m. It reported 97 employees.

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.