Cape Ann Animal Aid Association Inc

Analysis

Cape Ann Animal Aid Association Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in April 1965, 61 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 June 2024, Cape Ann Animal Aid Association Inc reported income of $2.6m and spending of $1.2m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.6m (+148%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 62% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Cape Ann Animal Aid Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Puppy Kitty Ny City Inc ($2.6m), Humane Society of Baltimore County Inc ($2.6m) and Dolphin Life Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $78k (6.6% of expenses). Other salaries and wages came to $628k. At year end it held assets of $7.9m against liabilities of $239k, net assets of $7.6m. It reported 26 employees.