Independent Laboratories Institute
EIN: 521787694 · Washington, DC · NTEE: U00C
| Metric | Value |
|---|---|
| Total Revenue | $16 |
| Total Expenses | $6K |
| Net Assets | $75K |
Is Independent Laboratories Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent Laboratories Institute
Independent Laboratories Institute (EIN: 521787694) is a nonprofit organization based in Washington, DC, classified under NTEE code U00C. The organization reported total revenue of $16 and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Laboratories Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Laboratories Institute is a micro nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $6K |
| Surplus / Deficit | +$94K |
| Total Assets | $75K |
| Net Assets | $75K |
| Operating Margin | 94.0% |
| Months of Reserves | 150.8 months |
Financial Health Grade: A
In 2023, Independent Laboratories Institute reported a surplus of $94K with revenue exceeding expenses, holds 150.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Independent Laboratories Institute's revenue has grown at a compound annual growth rate (CAGR) of 32.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4866.0% | +0.0% | +154.4% |
| 2022 | +202.9% | +-0.0% | +0.0% |
| 2021 | +4333.3% | -37.5% | +0.1% |
| 2020 | -99.6% | -26.1% | -7.7% |
| 2019 | -56.3% | +63.8% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independent Laboratories Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent Laboratories Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $94K, with revenue exceeding expenses.
Frequently Asked Questions about Independent Laboratories Institute
Is Independent Laboratories Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Laboratories Institute (EIN: 521787694) insufficient data. 0 red flags identified, 0 strengths noted.
How does Independent Laboratories Institute spend its money?
Detailed spending breakdown data is not yet available for Independent Laboratories Institute. Check back for updated IRS 990 analysis.
Are donations to Independent Laboratories Institute tax-deductible?
Independent Laboratories Institute is registered as a tax-exempt nonprofit (EIN: 521787694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independent Laboratories Institute located?
Independent Laboratories Institute is headquartered in Washington, Washington DC and files with the IRS under EIN 521787694. It is classified under NTEE code U00C.
How many years of IRS 990 filings does Independent Laboratories Institute have?
Independent Laboratories Institute has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16 in total revenue.
Filing History
IRS 990 filing history for Independent Laboratories Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Laboratories Institute's revenue has grown by 2768.3%, moving from $3K to $100K. Total assets increased by 18% over the same period, from $64K to $75K. Total functional expenses fell by 50.4%, from $12K to $6K. In its most recent filing year (2023), Independent Laboratories Institute reported a surplus of $94K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $6K | $75K | $0 | — | — |
| 2022 | $2K | $6K | $30K | $48K | — | View 990 |
| 2021 | $665 | $6K | $30K | $44K | — | View 990 |
| 2020 | $15 | $10K | $30K | $39K | — | — |
| 2019 | $4K | $13K | $32K | $32K | — | View 990 |
| 2018 | $9K | $8K | $30K | $20K | — | View 990 |
| 2017 | $5K | $13K | $30K | $21K | — | View 990 |
| 2016 | $131K | $125K | $37K | $19K | — | View 990 |
| 2015 | $148K | $163K | $55K | $40K | — | View 990 |
| 2014 | $157K | $130K | $68K | $37K | — | View 990 |
| 2013 | $126K | $127K | $67K | $64K | — | View 990 |
| 2012 | $419 | $7K | $75K | $70K | — | View 990 |
| 2011 | $3K | $12K | $64K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $6K, and assets of $75K (revenue +4866.0% year-over-year).
- 2022: Revenue of $2K, expenses of $6K, and assets of $30K (revenue +202.9% year-over-year).
- 2021: Revenue of $665, expenses of $6K, and assets of $30K (revenue +4333.3% year-over-year).
- 2020: Revenue of $15, expenses of $10K, and assets of $30K (revenue -99.6% year-over-year).
- 2019: Revenue of $4K, expenses of $13K, and assets of $32K (revenue -56.3% year-over-year).
- 2018: Revenue of $9K, expenses of $8K, and assets of $30K (revenue +80.4% year-over-year).
- 2017: Revenue of $5K, expenses of $13K, and assets of $30K (revenue -96.2% year-over-year).
- 2016: Revenue of $131K, expenses of $125K, and assets of $37K (revenue -11.6% year-over-year).
- 2015: Revenue of $148K, expenses of $163K, and assets of $55K (revenue -5.8% year-over-year).
- 2014: Revenue of $157K, expenses of $130K, and assets of $68K (revenue +24.9% year-over-year).
- 2013: Revenue of $126K, expenses of $127K, and assets of $67K (revenue +29891.6% year-over-year).
- 2012: Revenue of $419, expenses of $7K, and assets of $75K (revenue -88.0% year-over-year).
- 2011: Revenue of $3K, expenses of $12K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Laboratories Institute:
Data Sources and Methodology
This transparency report for Independent Laboratories Institute is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.