Petco Love

Analysis

Petco Love is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Petco Love reported income of $36.0m and spending of $39.5m, spending 110% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $34.3m to $36.0m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to April 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Petco Love sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Harlem Rbi Incorporated ($35.9m), The United Way of Southwestern Pennsylvania ($36.4m) and East Bay Community Foundation ($35.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $25.3m against liabilities of $1.3m, net assets of $24.0m.