Heart of Texas Lab Rescue Inc

Analysis

Heart of Texas Lab Rescue Inc is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in January 1999, 27 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, Heart of Texas Lab Rescue Inc reported income of $177k and spending of $123k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $177k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 70% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Heart of Texas Lab Rescue Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Norton Bay Inter-Tribal Watershed Council ($177k), Norcal Cocker Rescue ($177k) and The Humane Society of Polk County Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $1.3m against liabilities of $445k, net assets of $882k.