Lab Rescue Of North Carolina Inc
EIN: 562118804 · Advance, NC · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $12K |
| Net Assets | $75K |
Is Lab Rescue Of North Carolina Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lab Rescue Of North Carolina Inc
Lab Rescue Of North Carolina Inc (EIN: 562118804) is a nonprofit organization based in Advance, NC, classified under NTEE code D20. The organization reported total revenue of $174K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lab Rescue Of North Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lab Rescue Of North Carolina Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -165.4% | -52.9% | -19.2% |
| 2022 | +14.8% | -23.2% | +8.6% |
| 2021 | -40.4% | +27.8% | -50.0% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | -71.0% | +0.6% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lab Rescue Of North Carolina Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lab Rescue Of North Carolina Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Lab Rescue Of North Carolina Inc
Is Lab Rescue Of North Carolina Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lab Rescue Of North Carolina Inc (EIN: 562118804) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lab Rescue Of North Carolina Inc spend its money?
Detailed spending breakdown data is not yet available for Lab Rescue Of North Carolina Inc. Check back for updated IRS 990 analysis.
Are donations to Lab Rescue Of North Carolina Inc tax-deductible?
Lab Rescue Of North Carolina Inc is registered as a tax-exempt nonprofit (EIN: 562118804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lab Rescue Of North Carolina Inc located?
Lab Rescue Of North Carolina Inc is headquartered in Advance, North Carolina and files with the IRS under EIN 562118804. It is classified under NTEE code D20.
How many years of IRS 990 filings does Lab Rescue Of North Carolina Inc have?
Lab Rescue Of North Carolina Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $174K in total revenue.
Filing History
IRS 990 filing history for Lab Rescue Of North Carolina Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lab Rescue Of North Carolina Inc's revenue has declined by 112.8%, moving from $42K to $-5,351. Total assets increased by 74.6% over the same period, from $43K to $75K. Total functional expenses fell by 86.1%, from $90K to $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-5,351 | $12K | $75K | $0 | — | — |
| 2022 | $8K | $27K | $93K | $0 | — | View 990 |
| 2021 | $7K | $35K | $85K | $0 | — | View 990 |
| 2020 | $12K | $27K | $171K | $0 | — | — |
| 2019 | $12K | $27K | $171K | $0 | — | View 990 |
| 2018 | $41K | $27K | $186K | $0 | — | View 990 |
| 2017 | $103K | $45K | $172K | $0 | — | View 990 |
| 2016 | $110K | $94K | $115K | $1K | — | View 990 |
| 2015 | $83K | $122K | $100K | $1K | — | View 990 |
| 2014 | $97K | $96K | $139K | $1K | — | View 990 |
| 2013 | $104K | $98K | $137K | $0 | — | View 990 |
| 2012 | $176K | $87K | $131K | $0 | — | View 990 |
| 2011 | $42K | $90K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-5,351, expenses of $12K, and assets of $75K (revenue -165.4% year-over-year).
- 2022: Revenue of $8K, expenses of $27K, and assets of $93K (revenue +14.8% year-over-year).
- 2021: Revenue of $7K, expenses of $35K, and assets of $85K (revenue -40.4% year-over-year).
- 2020: Revenue of $12K, expenses of $27K, and assets of $171K (revenue +0.0% year-over-year).
- 2019: Revenue of $12K, expenses of $27K, and assets of $171K (revenue -71.0% year-over-year).
- 2018: Revenue of $41K, expenses of $27K, and assets of $186K (revenue -59.9% year-over-year).
- 2017: Revenue of $103K, expenses of $45K, and assets of $172K (revenue -6.4% year-over-year).
- 2016: Revenue of $110K, expenses of $94K, and assets of $115K (revenue +31.9% year-over-year).
- 2015: Revenue of $83K, expenses of $122K, and assets of $100K (revenue -13.9% year-over-year).
- 2014: Revenue of $97K, expenses of $96K, and assets of $139K (revenue -6.8% year-over-year).
- 2013: Revenue of $104K, expenses of $98K, and assets of $137K (revenue -41.0% year-over-year).
- 2012: Revenue of $176K, expenses of $87K, and assets of $131K (revenue +320.0% year-over-year).
- 2011: Revenue of $42K, expenses of $90K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lab Rescue Of North Carolina Inc:
Data Sources and Methodology
This transparency report for Lab Rescue Of North Carolina 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.