World Vets

Analysis

World Vets is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, World Vets reported income of $922k and spending of $931k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $922k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 94% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, World Vets sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Bird Rescue Center ($921k), The Leatherback Trust Inc ($922k) and Wilderness Trails Animal Park Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $180k (19% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.2m against liabilities of $2,936, net assets of $1.2m. It reported 3 employees.