Petset

Analysis

Petset is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Petset reported income of $2.9m and spending of $2.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.9m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 86% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Petset 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 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Humane Society of Hall County ($2.8m), H a L O ($2.9m) and Monadnock Region Humane Society ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $264k. At year end it held assets of $1.8m against liabilities of $50k, net assets of $1.7m. It reported 11 employees.