Lab Central
Lab Central reported $27.3 million in revenue and $24.5 million in expenses for calendar year 2024. Of every $100 it spent, $77.53 went to program services, $22.47 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.4% of the total. The highest compensation it reported for one person was $388,280 (CHIEF OPERATING OFFICER). 30 people received more than $100,000 in reportable compensation. Revenue rose 5% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.5% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.5% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 29.6% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.1% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 66.4% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $388,280 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.58% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 30 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.4 | 14.7 |
| Independent voting board members Part VI 1a–1b | 3 of 6 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $346,244 | $0 | $42,036 | $388,280 |
| PRESIDENT AND CO-FOUNDER Director/trustee, officer, 26.00 hrs/week | $323,341 | $0 | $47,353 | $370,694 |
| CHIEF BUSINESS OFFICER Highest compensated employee, 36.00 hrs/week | $311,552 | $0 | $47,385 | $358,937 |
| VICE PRESIDENT, SCIENCE STRATEGY Highest compensated employee, 40.00 hrs/week | $259,333 | $0 | $24,455 | $283,788 |
| SENIOR DIRECTOR, IGNITE VC Highest compensated employee, 40.00 hrs/week | $209,239 | $0 | $25,475 | $234,714 |
| SENIOR DIRECTOR, PTNRSHPS, PROGRAMMING/COMMUNITY Highest compensated employee, 40.00 hrs/week | $185,580 | $0 | $30,611 | $216,191 |
| DIRECTOR, FINANCE & ACCOUNTING Highest compensated employee, 40.00 hrs/week | $193,835 | $0 | $18,128 | $211,963 |
| CHIEF FINANCIAL OFFICER Officer, 16.00 hrs/week | $128,873 | $0 | $23,330 | $152,203 |
30 people received more than $100,000 in reportable compensation from Lab Central (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5102
- Volunteers Part I, line 64
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SG COMPUTERS INC It services | $557,177 |
| EMCOR SERVICES NORTHEAST INC Hvac services | $487,190 |
| BARRICADE CYBER SOLUTIONS It services | $327,742 |
| UG2 Janitorial services | $309,023 |
| TRIUMVIRATE ENVIRONMENTAL Ehs services | $171,205 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Lab Central totaling $16 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Lab Central's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lab Central, you can publish a response that is linked from this page.
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Of every $100 Lab Central spent in 2024, $77.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Griffiss InstituteRome, NY · revenue $27M · programs 87.8% · 2025
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- The Academy of Natural Sciences of PhiladelphiaPhiladelphia, PA · revenue $26M · programs 69.9% · FY2025
- Anita Borg Institute for TechnologySacramento, CA · revenue $28M · programs 75.4% · 2024
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All science & technology charities · Largest charities in Massachusetts
Questions people ask
How much of Lab Central's spending goes to programs?
In calendar year 2024, Lab Central reported that 77.5% of its $24.5 million in expenses went to program services, 22.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lab Central pay its top executive?
The largest total compensation Lab Central reported for one person in calendar year 2024 was $388,280, for the role of CHIEF OPERATING OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lab Central get its money?
Of $27.3 million in revenue in calendar year 2024, 29.6% came from contributions and grants (including 1.1% from government grants) and 66.4% from program service revenue (Form 990, Part VIII).
Is Lab Central a registered charity?
The IRS lists EIN 46-1031913 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349312293 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432839349301378 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343139349301209 · read the filing
- 2021: Form 990 for calendar year 2021, object 202232999349301768 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132729349301153 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012799349301701 · read the filing
All filings for EIN 46-1031913: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.