My Green Lab Corp

Analysis

My Green Lab Corp is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, My Green Lab Corp reported income of $2.7m and spending of $3.5m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $555k to $2.7m (+379%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, My Green Lab Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include John J Tyler Arboretum ($2.7m), Sustainable Energy for Galena Alaska ($2.7m) and Smith River Alliance Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $369k (11% of expenses). Other salaries and wages came to $1.3m. It paid $7,500 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $2.4m, net assets of -$515k. It reported 13 employees.