Petworks Animal Services Inc

Analysis

Petworks Animal Services Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in December 2014, 12 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 June 2023, Petworks Animal Services Inc reported income of $920k and spending of $913k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $920k (-40%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 57% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Petworks Animal Services 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 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Missouri Forget-Me-Not Horse Rescue and Sanctuary ($919k), Red Caribena de Varamientos -Caribbean Stranding Network Inc- ($921k) and A Heinz57 Pet Rescue and Transport Inc ($919k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 73% of the total. Other salaries and wages came to $398k. At year end it held assets of $3.9m against liabilities of $1.3m, net assets of $2.7m. It reported 29 employees.