Labor Institute Inc

Analysis

Labor Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1985, 41 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 December 2023, Labor Institute Inc reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-25%), an average of -6.9% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Labor Institute Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Presbyterian Counseling Center Inc ($1.1m), Employee Ownership Foundation Inc ($1.1m) and Womens Help Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $229k (21% of expenses). Other salaries and wages came to $250k. At year end it held assets of $1.5m against liabilities of $348k, net assets of $1.2m. It reported 5 employees.