Learning Lab Inc

Analysis

Learning Lab Inc is a registered charity in United States, based in Garden City, ID. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 May 2024, Learning Lab Inc reported income of $1.3m and spending of $896k, leaving 29% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $775k to $1.3m (+63%), an average of +13% a year. The sharpest change came in the year to May 2024, when income rose by 43%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Learning Lab Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within ID. Charities of a similar size with the same main cause include Mt Hood Ski Education Foundation Inc ($1.3m), Oceanside Soccer Club ($1.3m) and Family Service Bureau of Newark N J ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 85% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $459k. At year end it held assets of $2.9m against liabilities of $38k, net assets of $2.9m. It reported 18 employees.