New England Lab Rescue Inc
EIN: 273867700 · Limerick, ME · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $276K |
| Net Assets | $154K |
Is New England Lab Rescue Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New England Lab Rescue Inc
New England Lab Rescue Inc (EIN: 273867700) is a nonprofit organization based in Limerick, ME, classified under NTEE code D20. The organization reported total revenue of $252K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Lab Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Lab Rescue Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $276K |
| Surplus / Deficit | +$5K |
| Total Assets | $178K |
| Total Liabilities | $24K |
| Net Assets | $154K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, New England Lab Rescue Inc reported a surplus of $5K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), New England Lab Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +24.1% | +13.1% |
| 2022 | -5.1% | -5.6% | +32.9% |
| 2021 | +3.7% | +2.2% | +54.5% |
| 2020 | +63.8% | +60.9% | +113.8% |
| 2019 | +10.6% | -0.9% | +72.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New England Lab Rescue 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 New England Lab Rescue 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:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.3%.
Frequently Asked Questions about New England Lab Rescue Inc
Is New England Lab Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Lab Rescue Inc (EIN: 273867700) insufficient data. 0 red flags identified, 0 strengths noted.
How does New England Lab Rescue Inc spend its money?
Detailed spending breakdown data is not yet available for New England Lab Rescue Inc. Check back for updated IRS 990 analysis.
Are donations to New England Lab Rescue Inc tax-deductible?
New England Lab Rescue Inc is registered as a tax-exempt nonprofit (EIN: 273867700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New England Lab Rescue Inc located?
New England Lab Rescue Inc is headquartered in Limerick, Maine and files with the IRS under EIN 273867700. It is classified under NTEE code D20.
How many years of IRS 990 filings does New England Lab Rescue Inc have?
New England Lab Rescue Inc has 12 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 $252K in total revenue.
Filing History
IRS 990 filing history for New England Lab Rescue Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New England Lab Rescue Inc's revenue has grown by 180.7%, moving from $100K to $281K. Total assets increased by 44.5% over the same period, from $123K to $178K. Total functional expenses rose by 210.2%, from $89K to $276K. In its most recent filing year (2023), New England Lab Rescue Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $24K in liabilities against $178K in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $154K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $276K | $178K | $24K | — | — |
| 2022 | $264K | $222K | $157K | $0 | — | View 990 |
| 2021 | $278K | $235K | $118K | $14K | — | View 990 |
| 2020 | $268K | $230K | $77K | $3K | — | View 990 |
| 2019 | $164K | $143K | $36K | $0 | — | View 990 |
| 2018 | $148K | $144K | $21K | $6K | — | View 990 |
| 2017 | $156K | $158K | $18K | $6K | — | View 990 |
| 2016 | $131K | $143K | $17K | $3K | — | View 990 |
| 2015 | $177K | $181K | $26K | $683 | — | View 990 |
| 2014 | $178K | $158K | $31K | $2K | — | View 990 |
| 2013 | $134K | $137K | $10K | $2K | — | View 990 |
| 2012 | $100K | $89K | $123K | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $276K, and assets of $178K (revenue +6.4% year-over-year).
- 2022: Revenue of $264K, expenses of $222K, and assets of $157K (revenue -5.1% year-over-year).
- 2021: Revenue of $278K, expenses of $235K, and assets of $118K (revenue +3.7% year-over-year).
- 2020: Revenue of $268K, expenses of $230K, and assets of $77K (revenue +63.8% year-over-year).
- 2019: Revenue of $164K, expenses of $143K, and assets of $36K (revenue +10.6% year-over-year).
- 2018: Revenue of $148K, expenses of $144K, and assets of $21K (revenue -5.4% year-over-year).
- 2017: Revenue of $156K, expenses of $158K, and assets of $18K (revenue +19.0% year-over-year).
- 2016: Revenue of $131K, expenses of $143K, and assets of $17K (revenue -25.8% year-over-year).
- 2015: Revenue of $177K, expenses of $181K, and assets of $26K (revenue -0.7% year-over-year).
- 2014: Revenue of $178K, expenses of $158K, and assets of $31K (revenue +33.3% year-over-year).
- 2013: Revenue of $134K, expenses of $137K, and assets of $10K (revenue +33.8% year-over-year).
- 2012: Revenue of $100K, expenses of $89K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Lab Rescue Inc:
Data Sources and Methodology
This transparency report for New England 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.