Independent Laboratories Institute

Analysis

Independent Laboratories Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Independent Laboratories Institute reported income of $100k and spending of $6,000, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,014 to $100k (+4866%), an average of +4866% a year. The sharpest change came in the year to December 2023, when income rose by 4866%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent Laboratories Institute sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 19th percentile within DC. Charities of a similar size with the same main cause include The Novim Group ($100k), Arts United Inc ($100k) and Filmprojects ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.