Artlab21 Foundation

Analysis

Artlab21 Foundation is a registered charity in United States, based in Lawndale, CA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, 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, Artlab21 Foundation reported income of $437k and spending of $422k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $565k to $437k (-23%), an average of -8.2% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artlab21 Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Indianapolis Scottish Rite Cathedral Foundation Inc ($437k), Honor and Remember ($437k) and Kenosha Military Museum Ltd ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $210k. At year end it held assets of $28k against liabilities of $179, net assets of $27k. It reported 5 employees.