Instituto Lab LLC

Analysis

Instituto Lab LLC is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Instituto Lab LLC reported income of $1.9m and spending of $1.1m, leaving 44% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $771k to $1.9m (+149%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Instituto Lab LLC sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Metropolitan Better Living Center Inc ($1.9m), Ohio Ecological Food and Farm Association ($1.9m) and Rockside Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (8.2% of expenses). Other salaries and wages came to $329k. At year end it held assets of $1.4m against liabilities of $22k, net assets of $1.4m. It reported 1 employees.