ARTS & LITERATURE LABORATORY INC
Mission Statement
Arts + Literature Laboratory is a community-driven contemporary arts center supporting the visual, literary, and performing arts through an active calendar of exhibitions, readings, concerts, and educational programs. We bring together resources, people, and space to empower artists and writers to take risks that transcend formal and conceptual boundaries. Our programs foster critical and imaginative dialogue towards equitable social transformation—actively challenging audiences while prioritizing accessibility and community responsiveness. Our mission is to steward a community laboratory for creative experimentation, collaboration, and excellence in contemporary visual, literary, and performing arts. Our vision is a thriving creative culture where artistic labor is valued and all people can have meaningful experiences with the arts and literature of today.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.8% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.9% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.4% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
101.2% | 28.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
33.6 mo | 9.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
36.8% | 1.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.9% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
11.8% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.0% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
19.9% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $977K | $782K | $2.2M | 80.8% | 7 |
| 2023 | $874K | $711K | $2.0M | 79.4% | 6 |
| 2022 | $523K | $625K | $1.8M | 80.2% | 6 |
| 2021 | $2.7M | $403K | N/A | — | 3 |
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