Friends of the Ark Inc

Analysis

Friends of the Ark Inc is a registered charity in United States, based in Port Aransas, TX. It received its IRS tax-exemption ruling in December 2020, 6 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, Friends of the Ark Inc reported income of $141k and spending of $151k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $141k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of the Ark Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Highland County Humane Society Inc ($141k), Whiskers TNR of Warren County ($141k) and Wet Noses Animal Rescue Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 26% of the total. At year end it held assets of $3,132 against liabilities of $0, net assets of $3,132.