Vetgroup Inc

Analysis

Vetgroup Inc is a registered charity in United States, based in Forked River, NJ. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Vetgroup Inc reported income of $377k and spending of $267k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $270k to $377k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vetgroup Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Great Plains Regional Volleyball Association ($377k), International Assoc of Bridge Struc & Ornamental Iron Workers Loc 103 ($377k) and Victory Home Helping Hand Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (23% of expenses). Other salaries and wages came to $57k. At year end it held assets of $147k against liabilities of $12k, net assets of $135k. It reported 12 employees.