Labs4rescue Inc

Analysis

Labs4rescue Inc is a registered charity in United States, based in Killingworth, CT. It received its IRS tax-exemption ruling in May 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Labs4rescue Inc reported income of $385k and spending of $383k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $288k to $385k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Labs4rescue Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Minds Matter ($385k), Hillel the Foundation for Jewish Campus Life ($385k) and Buy a Pumpkin Feed a Child Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $469k against liabilities of $57k, net assets of $412k.