Labs4 Rescue Inc
Labs4 Rescue Inc consistently operates near break-even with no officer compensation, growing assets to nearly $470,000.
EIN: 141920939 · Killingworth, CT · Updated: 2026-03-28
Is Labs4 Rescue Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Labs4 Rescue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Labs4 Rescue Inc
Labs4 Rescue Inc (EIN: 141920939) is a nonprofit organization based in Killingworth, CT. The organization reported total revenue of $320K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Labs4 Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Labs4 Rescue Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $383K |
| Surplus / Deficit | +$2K |
| Total Assets | $469K |
| Total Liabilities | $57K |
| Net Assets | $412K |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Labs4 Rescue Inc reported a surplus of $2K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Labs4 Rescue Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.5% | +69.1% | +5.5% |
| 2022 | +7.4% | +16.1% | +9.8% |
| 2021 | +4.4% | +14.5% | +15.7% |
| 2020 | -20.8% | -34.8% | +9.2% |
| 2019 | +2.5% | +0.2% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1400 |
| IRS Ruling Date | 2005 |
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 Labs4 Rescue Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Labs4 Rescue Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
Labs4 Rescue Inc reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient 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.
Strengths
The following positive indicators were identified for Labs4 Rescue Inc:
- No officer compensation reported across all filings, indicating a volunteer-driven leadership.
- Consistent asset growth, from $229,491 in 2014 to $469,498 in 2023, demonstrating financial stability.
- Revenues and expenses are consistently balanced, with the organization operating near break-even or with modest surpluses.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Labs4 Rescue Inc
Is Labs4 Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Labs4 Rescue Inc (EIN: 141920939) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Labs4 Rescue Inc spend its money?
Labs4 Rescue Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Labs4 Rescue Inc tax-deductible?
Labs4 Rescue Inc is registered as a tax-exempt nonprofit (EIN: 141920939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Labs4 Rescue Inc a good charity?
Based on its financial data, Labs4 Rescue Inc appears to be a very good charity. It consistently operates efficiently, has no paid officers, and has steadily grown its assets while maintaining operational balance.
How has Labs4 Rescue Inc's financial health changed over the past decade?
Labs4 Rescue Inc has shown consistent financial health over the past decade, with revenues and expenses generally balanced. Its assets have more than doubled from $229,491 in 2014 to $469,498 in 2023, indicating strong financial growth and stability.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant, as it means that the organization's leadership is unpaid, allowing a greater proportion of funds to be directed towards its programs and mission rather than administrative salaries.
Filing History
IRS 990 filing history for Labs4 Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Labs4 Rescue Inc's revenue has declined by 29.5%, moving from $546K to $385K. Total assets increased by 116.6% over the same period, from $217K to $469K. Total functional expenses fell by 28%, from $532K to $383K. In its most recent filing year (2023), Labs4 Rescue Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $57K in liabilities against $469K in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $412K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $383K | $469K | $57K | — | — |
| 2022 | $256K | $226K | $445K | $35K | — | — |
| 2021 | $238K | $195K | $405K | $25K | — | View 990 |
| 2020 | $228K | $170K | $350K | $13K | — | — |
| 2019 | $288K | $261K | $321K | $41K | — | View 990 |
| 2018 | $281K | $261K | $303K | $50K | — | View 990 |
| 2017 | $309K | $284K | $264K | $31K | — | View 990 |
| 2016 | $355K | $367K | $231K | $24K | — | View 990 |
| 2015 | $406K | $383K | $235K | $17K | — | View 990 |
| 2014 | $435K | $445K | $229K | $34K | — | View 990 |
| 2013 | $572K | $551K | $230K | $25K | — | View 990 |
| 2012 | $567K | $598K | $221K | $37K | — | View 990 |
| 2011 | $546K | $532K | $217K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $383K, and assets of $469K (revenue +50.5% year-over-year).
- 2022: Revenue of $256K, expenses of $226K, and assets of $445K (revenue +7.4% year-over-year).
- 2021: Revenue of $238K, expenses of $195K, and assets of $405K (revenue +4.4% year-over-year).
- 2020: Revenue of $228K, expenses of $170K, and assets of $350K (revenue -20.8% year-over-year).
- 2019: Revenue of $288K, expenses of $261K, and assets of $321K (revenue +2.5% year-over-year).
- 2018: Revenue of $281K, expenses of $261K, and assets of $303K (revenue -9.1% year-over-year).
- 2017: Revenue of $309K, expenses of $284K, and assets of $264K (revenue -12.9% year-over-year).
- 2016: Revenue of $355K, expenses of $367K, and assets of $231K (revenue -12.4% year-over-year).
- 2015: Revenue of $406K, expenses of $383K, and assets of $235K (revenue -6.7% year-over-year).
- 2014: Revenue of $435K, expenses of $445K, and assets of $229K (revenue -23.9% year-over-year).
- 2013: Revenue of $572K, expenses of $551K, and assets of $230K (revenue +0.8% year-over-year).
- 2012: Revenue of $567K, expenses of $598K, and assets of $221K (revenue +3.9% year-over-year).
- 2011: Revenue of $546K, expenses of $532K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Labs4 Rescue Inc:
Data Sources and Methodology
This transparency report for Labs4 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.