Labrats San Diego

Analysis

Labrats San Diego is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in November 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 December 2023, Labrats San Diego reported income of $563k and spending of $437k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $342k to $563k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Labrats San Diego sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Willamette Valley Academy ($563k), Citadel Christian School ($563k) and Phase 3 Training Corporation ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $148k (34% of expenses). Other salaries and wages came to $192k. At year end it held assets of $100k against liabilities of $61k, net assets of $39k.