Posh Pets Rescue Inc

Analysis

Posh Pets Rescue Inc is a registered charity in United States, based in Bayshore, NY. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Posh Pets Rescue Inc reported income of $673k and spending of $672k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $673k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Posh Pets Rescue Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Camp Cavell Conservancy ($673k), Cameron Champ Foundation ($674k) and San Francisco Youth Hockey Association ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $29k (4.3% of expenses). Other salaries and wages came to $175k. At year end it held assets of $160k against liabilities of $15k, net assets of $145k. It reported 14 employees.