Yucca Valley Material Lab Incorporated

Analysis

Yucca Valley Material Lab Incorporated is a registered charity in United States, based in Yucca Valley, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, 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, Yucca Valley Material Lab Incorporated reported income of $276k and spending of $186k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $276k (+1027%), an average of +1027% a year. The sharpest change came in the year to December 2023, when income rose by 1027%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yucca Valley Material Lab Incorporated sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Artlab J ($276k), Nova Center for the Performing Arts Inc ($276k) and Bucks County Choral Society Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $64k. At year end it held assets of $139k against liabilities of $30, net assets of $139k. It reported 3 employees.