Peak Lab Rescue Inc

Analysis

Peak Lab Rescue Inc is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peak Lab Rescue Inc reported income of $339k and spending of $332k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $402k to $339k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Peak Lab Rescue Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include New Person Ministries Inc ($339k), Queen of Peace Missionary Associates Inc ($339k) and C2c Ministries ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.