Caterpillar Lab Inc

Analysis

Caterpillar Lab Inc is a registered charity in United States, based in Marlborough, NH. It received its IRS tax-exemption ruling in February 2016, 10 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 March 2023, Caterpillar Lab Inc reported income of $222k and spending of $272k, spending 122% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $254k to $222k (-12%), an average of -4.3% a year. The sharpest change came in the year to March 2023, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caterpillar Lab Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within NH. Charities of a similar size with the same main cause include Cornerstone Haiti Inc ($222k), Heards Ferry Elementary Parent Teacher Organization ($222k) and Delta Tau Delta Educational Foundation ($222k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 55% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $58k (21% of expenses). Other salaries and wages came to $97k. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 6 employees.