Charlotte Lab School Inc

Analysis

Charlotte Lab School Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2014, 12 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 2023, Charlotte Lab School Inc reported income of $11.3m and spending of $11.6m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.7m to $11.3m (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Lab School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Santa Rosa Junior College Foundation ($11.3m), Community Action Partnership of Lake County ($11.4m) and Montgomery County Norristown Public Library ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $225k (1.9% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $5.1m against liabilities of $4.2m, net assets of $911k. It reported 185 employees.