Logic Creative Labs Inc

Analysis

Logic Creative Labs Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 June 2024, Logic Creative Labs Inc reported income of $159k and spending of $162k, spending 101% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $291k to $159k (-45%), an average of -26% a year. The sharpest change came in the year to June 2024, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Logic Creative Labs 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 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Roa Standing Together for Americas Reservists Foundation Stars ($159k), Resurrection Housing Foundation Inc ($159k) and Florida Foundation for Future Scientists University of Florida ($159k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 86% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.