Theater Lab Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Since 2006, Theaterlabs mission is to serve New Yorks diverse communities of artists and the general public by presenting and developing new theater works. Theaterlab is a women and artist-led laboratory dedicated to researching the nature of live performance across all disciplines, not only theater. We focus on audience development as a creative project, regarding the theatrical experience as a creative public assembly and the audience as a key partner in fulfilling our mission.
- Income
- $345,578
- Spending
- $349,630
- Spent on programs
- 72%
- Reserves
- 0.1 months of spending
- Largest source of income
- fees for its services, 65%
- Employees
- 1
- Volunteers
- 10
- Highest pay
- $26,864, president
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 47 out of 100. Higher than 16% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
4 of 35Spendable reserves would cover 0.1 months of spending.
Debt
5 of 20It owes 72% of what it owns.
Living within its means
8 of 15Spending exceeded income by 1% of income.
Income trend
15 of 15Income rose 11% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 50 out of 100. Higher than 19% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
18 of 252 of 3 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
0 of 5Reports that it does not keep minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $252,804 spent. The core of our programming this year included our long standing short residency programs MOTHERS MYTHS MONSTERS, The GALLERY Series dedicated to solo works and the Creation of a new program, FIRST LOOK for never before seen work, to be presented in our newly created space, THE ATELIER. Through these thre programs we engaged over 30 artists and 450 audiences.Through NYSCA's targeted opportunities support, we offered a subsidized rental program for 40 weeks of the 2024 year, during the hours of 10am - 4pm in our Gallery Space. Anyone was able to book the space for $10/hr, first come first serve. Of the 1200 available hours, 862 were booked, providing accessible, clean, and inspiring spaces to the greater NYC artistic community. We served 64 independent organizations with over 500 undred artists. Two artists in residence, cybernetic sculpture MAFE IZAGUIRRE and JOEY MERLO developed their work throughout the year becoming part of our season Poetic Machine. Their performances were free to the public and included post show talks and social gatherings. Through our presenting and co-production program, this year we presented The Mill's The Employees by Olga Ravn and The Hearth's Push Party by Nia Akilah Robisnson. Both productions ran for 16 performances engaging 1200 audiences and 40 between actors, technicians and designers. Tickets were ranging from $20-$45 with more options for students and groups.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.