Life Lab Science Program

Analysis

Life Lab Science Program is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Life Lab Science Program reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.2m (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Lab Science Program sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Donald P and Katherine B Loker University Student Union Inc ($4.2m), Chelsea Day School Inc ($4.2m) and Green Light Project Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $165k (4.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.4m against liabilities of $942k, net assets of $428k. It reported 74 employees.