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Lab Theater Project Inc

EIN 84-3205022 · Tampa, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak34 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

LAB THEATER PROJECT INC IS A NON-PROFIT 501(C)(3) PRODUCTION COMPANY FOCUSED ON PRODUCING NEW WORKS IN THE TAMPA BAY COMMUNITY. OUR BELIEF IN A "PLAYWRIGHT FIRST" FOCUS IS RESOLUTE AND A CORE VALUE OF THE COMPANY. ALONG WITH A FOCUS ON DEVELOPING NEW WORKS, WE ALSO FOCUS ON TRAINING NEW THEATER ARTISTS TO JOIN OUR GROWING COMMUNITY. OUR MANDATE: 1- BRING THE PLAYWRIGHT'S VISION TO LIFE. 2- GROW AS ARTITS. 3- DEVELOP NEW THEATER ARTISTS: DIRECTORS, ACTORS, STAGE MANAGERS, AND DESIGNERS 4- BUILD A CORE OF ARTISTS WHO DESIRE A LIFE-LONG PRACTICE OF THEATRICAL ARTISTRY.

Income
$90,307
Spending
$95,615
Reserves
2.1 months of spending
Largest source of income
donations and private grants, 75%

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 34 out of 100. Higher than 10% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.1 months of spending.

  • Debt

    10 of 20

    It owes 35% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2024, 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 (2)
  1. $67,140 spent. LAB THEATHER PROJECT INC. ONLY PRODUCE WORKS FROM EMERGING PLAYWRIGHS AND DEVELOP, THROUGH EDUCATION, NEW ARTISTS (ACTORS, DIRECTORS, STAGE MANAGERS, AND DESIGNERS) FOR THE CONTINUED GROWTH OF LIVE THEATER ARTISTRY. WE CURRENTLY PRODUCE FOUR NEW PLAYS PER YEAR, OFTEN UTILIZING STUDENTS IN ASPECTS OF THE PRODUCTION, THEREBY, GIVING STUDENTS THE OPPORTUNITY TO PUT INTO PRACTICE WHAT THEY HAVE LEARNED WHILE WORKING SIDE BY SIDE WITH ESTABLISHED PROFESSIONALS IN THE COMMUNITY AS WELL AS ENRICHING THE COLLABORATIVE CREATIVE PROCESS OF THE PLAYWRIGHT.
  2. $16,057 spent. OTHER EXPENSES INCLUDE MAINTAINING THEATER, DRESSING ROOM AND GENERAL RECEPTION AREA FOR PLAYS AND PRACTICES AND GENERAL ADMINISTRATION.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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.