Laborlab

Analysis

Laborlab is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Laborlab reported income of $282k and spending of $221k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $282k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laborlab sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MT. Charities of a similar size with the same main cause include Mustard Seed of Central Indiana Inc ($282k), Feeding Our Kids ($282k) and Seeds of Hope Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $102k (46% of expenses). At year end it held assets of $121k against liabilities of $0, net assets of $121k.