House with a Heart Pet Sanctuary

Analysis

House with a Heart Pet Sanctuary is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, House with a Heart Pet Sanctuary reported income of $614k and spending of $526k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $505k to $614k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, House with a Heart Pet Sanctuary sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Loyola Academy Rowing Association Inc ($613k), Idaho Ffa Foundation Inc ($614k) and Elevate Savannah ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $102k (19% of expenses). At year end it held assets of $935k against liabilities of $82k, net assets of $853k. It reported 1 employees.