Friends of Marbleheads Abandoned Animals Inc

Analysis

Friends of Marbleheads Abandoned Animals Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Marbleheads Abandoned Animals Inc reported income of $61k and spending of $54k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $61k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of Marbleheads Abandoned Animals Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Pit Ridge Rescue ($61k), Afghan Hound Rescue of So California Inc ($61k) and Bichon Rescue of Orange County ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $350k against liabilities of $0, net assets of $350k.