Friends of Bronx Lab Inc

Analysis

Friends of Bronx Lab Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2008, 18 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 June 2023, Friends of Bronx Lab Inc reported income of $120k and spending of $161k, spending 135% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $237k to $120k (-49%), an average of -29% a year. The sharpest change came in the year to June 2022, when income dropped by 39%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Bronx Lab Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Mountainside Education and Enrichment Inc ($120k), National African-American Womens ($120k) and Woodcreek Middle School Athletic Booster ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.