Out of the Pits Inc

Analysis

Out of the Pits Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2000, 26 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, Out of the Pits Inc reported income of $380k and spending of $256k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $192k to $380k (+98%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Out of the Pits Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Colorado Springs All Breed Rescue ($380k), Fishery Foundation of California ($380k) and West Place Animal Sanctuary ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 22% of the total. At year end it held assets of $327k against liabilities of $99k, net assets of $228k.