Companion Animal Network Inc

Analysis

Companion Animal Network Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in April 2008, 18 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Companion Animal Network Inc reported income of $1.6m and spending of $823k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Companion Animal Network Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Catholic Charities Serving Portage and Stark Counties ($1.6m), These Our Treasures Inc ($1.6m) and Arc of Louisiana ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $235k (29% of expenses). Other salaries and wages came to $348k. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m. It reported 2 employees.