Conservation X Labs Inc

Analysis

Conservation X Labs Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2015, 11 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, Conservation X Labs Inc reported income of $3.7m and spending of $6.0m, spending 165% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $3.7m (+80%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Conservation X Labs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Midlands Humane Society ($3.7m), Hilton Head Humane Association Inc ($3.7m) and Animal Place ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $518k (8.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $1.9m against liabilities of $154k, net assets of $1.7m. It reported 26 employees.