Laser Institute of America

Analysis

Laser Institute of America is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 1981, 45 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 March 2023, Laser Institute of America reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $2.5m to $2.2m (-11%), an average of -2.9% a year. The sharpest change came in the year to March 2021, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laser Institute of America sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include The George Washington Foundation ($2.2m), Eugenio Maria de Hostos Community College Foundation ($2.2m) and Concert Artists Guild Inc ($2.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $546k (25% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.2m against liabilities of $383k, net assets of $810k. It reported 16 employees.