Hopeful Tails Inc

Analysis

Hopeful Tails Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Hopeful Tails Inc reported income of $78k and spending of $72k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $766k to $78k (-90%), an average of -37% a year. The sharpest change came in the year to December 2019, when income dropped by 90%. Over the whole period it spent 108% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hopeful Tails Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Paws & Hearts ($78k), Northern Lancaster County Game and Fish Protective Association ($78k) and Wallowa County Humane Society ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.