Lean Lab

Analysis

Lean Lab is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2023, Lean Lab reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lean Lab sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Ni Magnuson Christian School ($1.5m), Western Slope Driving Institute Inc ($1.5m) and West End Christian School Incorporated ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $963k. At year end it held assets of $634k against liabilities of $30k, net assets of $604k. It reported 13 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.