Laboratory Science Institute

Analysis

Laboratory Science Institute is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2022, Laboratory Science Institute reported income of $121k and spending of $97k, spending 81% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $222k to $121k (-45%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laboratory Science Institute 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 37th percentile within WA. Charities of a similar size with the same main cause include R I State Elks Association Charities Inc ($121k), Miss New Hampshire Scholarship Program Inc ($121k) and Sunshine Health Foundation ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.