Reimagination Lab Inc

Analysis

Reimagination Lab Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 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, Reimagination Lab Inc reported income of $1.2m and spending of $1.1m, spending 98% of its income. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reimagination Lab Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include University of California Press Foundation ($1.2m), Saratoga International Theater Institute Inc ($1.2m) and Quakers Ice Hockey Association ($1.2m).

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 $330k (29% of expenses). At year end it held assets of $222k against liabilities of $0, net assets of $222k. It reported 1 employees.