Friends of Animal Adoptions Inc

Analysis

Friends of Animal Adoptions Inc is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in February 1983, 43 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 2023, Friends of Animal Adoptions Inc reported income of $847k and spending of $806k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $847k (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 83% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of Animal Adoptions Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Southern California Golden Retriever Rescue ($846k), Greyhound Friends Inc ($847k) and Equus Foundation Inc ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $366k. At year end it held assets of $2.5m against liabilities of $89k, net assets of $2.4m. It reported 31 employees.