Pets for Vets Inc

Analysis

Pets for Vets Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in April 2010, 16 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, Pets for Vets Inc reported income of $873k and spending of $1.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $873k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pets for Vets 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 78th percentile, and in the 73rd percentile within DE. Charities of a similar size with the same main cause include Shreveport Electrical Joint Apprenticeship & Training Trust Fu ($873k), Fort Scott Community College Foundation ($873k) and Tennessee Soybean Festival Inc ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $139k (14% of expenses). Other salaries and wages came to $304k. At year end it held assets of $5.5m against liabilities of $29k, net assets of $5.4m. It reported 13 employees.