Arts & Literature Laboratory Inc

Analysis

Arts & Literature Laboratory Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arts & Literature Laboratory Inc reported income of $874k and spending of $711k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $874k (+275%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 374%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts & Literature Laboratory Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Community Television of Knoxville ($874k), Microbetv ($874k) and Leavenworth Summer Theater ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $104k (15% of expenses). Other salaries and wages came to $124k. At year end it held assets of $3.3m against liabilities of $1.3m, net assets of $2.0m. It reported 6 employees.