A Lab for Life

Analysis

A Lab for Life is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in August 2020, 6 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, A Lab for Life reported income of $298k and spending of $304k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $207k to $298k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, A Lab for Life sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within OK. Charities of a similar size with the same main cause include Hamilton County Jr Livestock Association ($298k), Arizona Deer Association Inc ($298k) and Equine Journey Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.