Homeless Animal Rescue Team of Maine Inc

Analysis

Homeless Animal Rescue Team of Maine Inc is a registered charity in United States, based in Cumberland, ME. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homeless Animal Rescue Team of Maine Inc reported income of $526k and spending of $714k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $526k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 204%. Over the whole period it spent 68% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Homeless Animal Rescue Team of Maine Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Kind Keeper Inc ($526k), Society for the Prevention of Cruelty to Animals of Hancock Cty ($527k) and Canine Cancer Research Alliance ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 20% of the total. Other salaries and wages came to $135k. At year end it held assets of $2.9m against liabilities of $8,018, net assets of $2.8m. It reported 3 employees.