LAB RESCUE OF LRCP INCORPORATED
Mission Statement
Lab Rescue of the LRCP is a volunteer-driven, non-profit organization dedicated to saving the lives of Labrador Retrievers who would otherwise die in overcrowded shelters. We serve MD, DC, VA, WV, DE, PA and parts of NC and OH. We focus all our efforts to save Labs in need from shelters, humane societies, and owners who can no longer care for them. All the dogs brought into the rescue’s care are provided with rabies and distemper shots, tested for Heartworm, Lyme and other tick-borne diseases, and spayed/neutered. Sometimes we heal the dog’s spirit, but we also treat broken bones, deadly diseases such as Heartworm disease, remove cancerous growths, and treat parasitic conditions.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.5% | 84.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.5% | 9.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 4.1% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 100.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.4 mo | 17.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
58.4% | 4.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.0% | 79.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-16.2% | 10.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
6.4% | 9.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-24.4% | 4.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $988K | $1.2M | $147K | 93.5% | 2 |
| 2023 | $1.2M | $1.2M | $431K | 94.9% | 2 |
| 2022 | $1.3M | $1.3M | $443K | 95.3% | 2 |
| 2021 | $1.2M | $1.1M | N/A | — | 2 |
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