Station 1 Laboratory

Analysis

Station 1 Laboratory is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover science and technology, 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, Station 1 Laboratory reported income of $184k and spending of $430k, spending 234% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $542k to $184k (-66%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Station 1 Laboratory sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Rendezvous Arts ($184k), Needham Historical Society Inc ($184k) and Manga African Dance Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $9,667, net assets of $161k.