American Lab Rescue Inc
American Lab Rescue Inc. consistently operates with deficits in recent years, relying on low assets and volunteer leadership.
EIN: 205985062 · Tolland, CT · NTEE: D20 · Updated: 2026-03-28
Is American Lab Rescue Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Lab Rescue Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Lab Rescue Inc
American Lab Rescue Inc (EIN: 205985062) is a nonprofit organization based in Tolland, CT, classified under NTEE code D20. The organization reported total revenue of $235K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Lab Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Lab Rescue Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $320K |
| Surplus / Deficit | $-49,631 |
| Total Assets | $22K |
| Total Liabilities | $6K |
| Net Assets | $16K |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 25.5% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, American Lab Rescue Inc reported a deficit of $50K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 25.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Lab Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | -7.0% | +6.9% |
| 2022 | +1.6% | -11.7% | +75.9% |
| 2021 | +0.1% | +38.8% | -83.2% |
| 2020 | +91.9% | +58.9% | +259.1% |
| 2019 | -13.2% | -1.9% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Lab Rescue Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Lab Rescue Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.5%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, indicating that the organization's leadership operates on a volunteer basis, which is commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Lab Rescue Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $49,631 deficit in 2023, $35,085 in 2022)
- Relatively low asset base ($21,711 in 2023) compared to annual expenses, limiting financial reserves
Strengths
The following positive indicators were identified for American Lab Rescue Inc:
- No officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds for mission
- Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance
- Consistent revenue generation over a decade, indicating a stable donor base or operational model
Frequently Asked Questions about American Lab Rescue Inc
Is American Lab Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Lab Rescue Inc (EIN: 205985062) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does American Lab Rescue Inc spend its money?
American Lab Rescue Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Lab Rescue Inc tax-deductible?
American Lab Rescue Inc is registered as a tax-exempt nonprofit (EIN: 205985062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Lab Rescue Inc. financially sustainable given its recent deficits?
The organization has reported expenses exceeding revenues in 2023 ($319,896 vs. $270,265), 2022 ($343,859 vs. $308,774), 2021 ($389,629 vs. $303,914), and 2019 ($176,643 vs. $158,235). This trend of operational deficits, coupled with relatively low assets (e.g., $21,711 in 2023), raises concerns about its long-term financial sustainability without increased revenue or reduced expenses.
What is the primary source of funding for American Lab Rescue Inc.?
While the specific breakdown of revenue sources is not provided in the summary data, the consistent revenue figures suggest reliance on public support, donations, and potentially program service fees typical for animal rescue organizations. Further detail would require examining the full 990 forms.
How does the organization manage its liabilities?
Liabilities have fluctuated, reaching a high of $12,307 in 2020 and $5,530 in 2023. While not excessively high relative to expenses, the presence of liabilities alongside low assets and operational deficits warrants monitoring to ensure they are managed effectively and do not become a burden.
Filing History
IRS 990 filing history for American Lab Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Lab Rescue Inc's revenue has grown by 18.1%, moving from $229K to $270K. Total assets increased by 374.7% over the same period, from $5K to $22K. Total functional expenses rose by 50%, from $213K to $320K. In its most recent filing year (2023), American Lab Rescue Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $6K in liabilities against $22K in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $270K | $320K | $22K | $6K | — | — |
| 2022 | $309K | $344K | $20K | $642 | — | View 990 |
| 2021 | $304K | $390K | $12K | $5K | — | View 990 |
| 2020 | $304K | $281K | $69K | $12K | — | — |
| 2019 | $158K | $177K | $19K | $344 | — | View 990 |
| 2018 | $182K | $180K | $16K | $3K | — | View 990 |
| 2017 | $131K | $138K | $15K | $4K | — | View 990 |
| 2016 | $166K | $141K | $23K | $6K | — | View 990 |
| 2015 | $181K | $165K | $11K | $4K | — | View 990 |
| 2014 | $199K | $199K | $12K | $9K | — | View 990 |
| 2013 | $172K | $156K | $9K | $11K | — | View 990 |
| 2012 | $178K | $170K | $6K | $12K | — | View 990 |
| 2011 | $229K | $213K | $5K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $270K, expenses of $320K, and assets of $22K (revenue -12.5% year-over-year).
- 2022: Revenue of $309K, expenses of $344K, and assets of $20K (revenue +1.6% year-over-year).
- 2021: Revenue of $304K, expenses of $390K, and assets of $12K (revenue +0.1% year-over-year).
- 2020: Revenue of $304K, expenses of $281K, and assets of $69K (revenue +91.9% year-over-year).
- 2019: Revenue of $158K, expenses of $177K, and assets of $19K (revenue -13.2% year-over-year).
- 2018: Revenue of $182K, expenses of $180K, and assets of $16K (revenue +39.6% year-over-year).
- 2017: Revenue of $131K, expenses of $138K, and assets of $15K (revenue -21.2% year-over-year).
- 2016: Revenue of $166K, expenses of $141K, and assets of $23K (revenue -8.5% year-over-year).
- 2015: Revenue of $181K, expenses of $165K, and assets of $11K (revenue -9.1% year-over-year).
- 2014: Revenue of $199K, expenses of $199K, and assets of $12K (revenue +16.0% year-over-year).
- 2013: Revenue of $172K, expenses of $156K, and assets of $9K (revenue -3.5% year-over-year).
- 2012: Revenue of $178K, expenses of $170K, and assets of $6K (revenue -22.2% year-over-year).
- 2011: Revenue of $229K, expenses of $213K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Lab Rescue Inc:
Data Sources and Methodology
This transparency report for American Lab Rescue Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.