Friends of Animals Inc

Analysis

Friends of Animals Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in February 1959, 67 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 April 2024, Friends of Animals Inc reported income of $5.5m and spending of $4.6m, spending 83% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $5.1m to $5.5m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to April 2022, when income rose by 63%. Over the whole period it spent 77% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of Animals Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Wags and Walks ($5.5m), Staten Island Zoological Society Inc ($5.5m) and Como Friends ($5.4m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $277k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.9m against liabilities of $754k, net assets of $13.2m. It reported 22 employees.