Artlab J

Analysis

Artlab J is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artlab J reported income of $276k and spending of $296k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $276k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artlab J sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Bucks County Choral Society Inc ($276k), Yucca Valley Material Lab Incorporated ($276k) and Brown County Art Gallery Foundation Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. At year end it held assets of $62k against liabilities of $154k, net assets of -$92k.