Teaching Lab

Analysis

Teaching Lab is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2017, 9 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, Teaching Lab reported income of $17.5m and spending of $15.7m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.1m to $17.5m (+189%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teaching Lab sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include University Academy ($17.5m), Achievement First Bridgeport Academy Inc ($17.5m) and Covenant Knights School ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $895k (5.7% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $18.1m against liabilities of $618k, net assets of $17.5m. It reported 74 employees.