The Lab SF

Analysis

The Lab SF is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 June 2023, The Lab SF reported income of $627k and spending of $593k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $428k to $627k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lab SF sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Marine Reconnaissance Foundation ($627k), Pocket Volunteer Fire Department Inc ($627k) and Hancock Historical Museum Association ($627k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $72k. It paid $8,741 in professional fundraising fees. At year end it held assets of $451k against liabilities of $2,516, net assets of $449k. It reported 4 employees.