Good Karma Pet Rescue Inc

Analysis

Good Karma Pet Rescue Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 2022, Good Karma Pet Rescue Inc reported income of $993k and spending of $135k, leaving 86% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $842k to $993k (+18%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 65%. 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, Good Karma Pet Rescue Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include SPCA of Winc & Fred & Clarke C ($992k), Saving Paws Rescue Az ($994k) and Wildhorse Ranch Rescue Inc ($992k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.