American Lab Rescue Inc

Analysis

American Lab Rescue Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, American Lab Rescue Inc reported income of $270k and spending of $320k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $270k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 112% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, American Lab Rescue Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Project Perry ($270k), Ogemaw County Humane Society ($270k) and Hasra Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $22k against liabilities of $5,530, net assets of $16k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.