Lab School of Washington

Analysis

Lab School of Washington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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, Lab School of Washington reported income of $24.4m and spending of $24.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.3m to $24.4m (+4.7%), an average of +1.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lab School of Washington sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include The Arc Northern Chesapeake Region Incorporated ($24.4m), Jubilee Housing Inc ($24.4m) and Nysarc Inc ($24.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $810k (3.3% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $65.5m against liabilities of $38.1m, net assets of $27.3m. It reported 278 employees.