Hope for Paws

Analysis

Hope for Paws is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in October 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 December 2023, Hope for Paws reported income of $6.5m and spending of $6.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.5m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope for Paws sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Pasados Safe Haven ($6.5m), Colbys Crew Rescue ($6.5m) and Lions Tigers & Bears ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $170k (2.8% of expenses). Other salaries and wages came to $551k. At year end it held assets of $6.9m against liabilities of $1.3m, net assets of $5.6m. It reported 7 employees.