Marcy Lab Inc

Analysis

Marcy Lab Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2023, Marcy Lab Inc reported income of $9.7m and spending of $4.9m, leaving 50% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $452k to $9.7m (+2034%), an average of +177% a year. The sharpest change came in the year to June 2021, when income rose by 375%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marcy Lab Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Academy for Precision Learning Inc ($9.7m), Freire Charter School Wilmington Inc ($9.7m) and John Paul the Great Catholic University ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $478k (9.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.1m against liabilities of $1.9m, net assets of $7.2m. It reported 66 employees.