Friends of Homeless Animals Inc

Analysis

Friends of Homeless Animals Inc is a registered charity in United States, based in Saunderstown, RI. It received its IRS tax-exemption ruling in July 2008, 18 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 May 2023, Friends of Homeless Animals Inc reported income of $369k and spending of $381k, spending 103% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $1.4m to $369k (-74%), an average of -36% a year. The sharpest change came in the year to May 2021, when income dropped by 42%. Over the whole period it spent 114% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of Homeless Animals Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within RI. Charities of a similar size with the same main cause include Natures Educators ($369k), Fayette County Animal Rescue ($369k) and Illinois Valley Animal Rescue Inc ($368k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. At year end it held assets of $214k against liabilities of $13k, net assets of $201k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.