Leas Lab Inc

Analysis

Leas Lab Inc is a registered charity in United States, based in Auburndale, MA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leas Lab Inc reported income of $125k and spending of $125k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $125k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leas Lab Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Edwin Boyle Santee Summer Ministry ($125k), Symbioseas ($125k) and Preserve Chattanooga Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $31k against liabilities of $25k, net assets of $5,989.