Lab Central Inc
700 Main St, Cambridge, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $27,342,387 | $24,529,205 | $27,470,856 |
| FY2023 | $24,500,358 | $24,876,840 | $24,167,973 |
| FY2022 | $22,629,616 | $21,652,194 | $24,146,543 |
| FY2021 | $21,795,021 | $19,092,023 | $22,779,113 |
| FY2020 | $20,436,198 | $18,194,883 | $19,619,011 |
| FY2019 | $25,967,111 | $21,701,537 | $17,327,885 |
| FY2018 | $43,676,728 | $40,352,623 | $12,533,627 |
| FY2017 | $21,709,971 | $17,303,175 | $8,797,391 |
| FY2016 | $10,258,360 | $10,124,994 | $3,886,276 |
| FY2015 | $8,161,781 | $7,909,474 | $3,023,701 |
| FY2014 | $6,508,350 | $6,144,568 | $2,484,658 |
| FY2013 | $4,449,420 | $2,128,416 | $1,897,539 |
Form 990 filings
The returns filed by Lab Central Inc (EIN 46-1031913), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,105,753 | 30% |
| Program service revenue | $18,145,972 | 66% |
| Other revenue | $1,090,662 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $19,016,311 | 78% |
| Management & general | $5,512,894 | 22% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 66% of total revenue in FY2024.
- Program services accounted for 78% of functional expenses, management & general 22%, and fundraising 0%.
- 78% of functional expenses went to program services in FY2024. That is higher than 36.8% of 171 Science & Technology organizations nationwide (too few in MA for a state comparison).
- Net assets covered about 13.4 months of expenses at the end of the reporting year. That puts it in the 55th percentile among 94 Science & Technology organizations in MA.
- Total revenue was higher than 96.9% of 96 Science & Technology organizations in MA.
- Total revenue rose from $4,449,420 in FY2013 to $27,342,387 in FY2024. Revenue increased in 9 and decreased in 2 of 11 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 12 reported years (FY2023).
- The highest revenue on record here is $43,676,728 in FY2018.
- Net assets grew from $1,897,539 to $27,470,856 between FY2013 and FY2024.
- Contributions and grants made up 116% of revenue in FY2013 and 30% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENUERS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U02 — Science & Technology |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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