Lab Rescue of LRCP Incorporated

Analysis

Lab Rescue of LRCP Incorporated is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Lab Rescue of LRCP Incorporated reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+1.7%), an average of +0.4% a year. 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, Lab Rescue of LRCP Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Lifestock ($1.2m), Petfinder Foundation ($1.2m) and Council of Contributors Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 19% of the total. Other salaries and wages came to $131k. At year end it held assets of $508k against liabilities of $77k, net assets of $431k. It reported 2 employees.