The Pegasus Project Inc

Analysis

The Pegasus Project Inc is a registered charity in United States, based in Ben Wheeler, TX. It received its IRS tax-exemption ruling in February 2011, 15 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, The Pegasus Project Inc reported income of $1.4m and spending of $655k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $1.4m (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 70% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Pegasus Project Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Wildfowl Trust of North America Inc ($1.4m), Hamlett Spay and Neuter Clinic of Colorado Springs ($1.4m) and Upwell Turtles ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $120k (18% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.6m against liabilities of $48k, net assets of $1.5m. It reported 17 employees.