Insync Exotics Inc

Analysis

Insync Exotics Inc is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in March 2001, 25 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 March 2024, Insync Exotics Inc reported income of $2.2m and spending of $1.7m, leaving 23% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.1m to $2.2m (+100%), an average of +15% a year. The sharpest change came in the year to March 2024, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Insync Exotics Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Colorado Wolf and Wildlife Center ($2.2m), Darbster Foundation Inc ($2.2m) and Cape Coral Animal Shelter Corporation ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $50k (2.9% of expenses). Other salaries and wages came to $525k. At year end it held assets of $2.8m against liabilities of $5,029, net assets of $2.8m. It reported 35 employees.