Pet Haven Inc of Minnesota

Analysis

Pet Haven Inc of Minnesota is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 1964, 62 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, Pet Haven Inc of Minnesota reported income of $721k and spending of $835k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $721k (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Pet Haven Inc of Minnesota sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include American Holistic Veterinary Medical Association ($721k), Africa Network for Animal Welfare- USA ($722k) and Hand-In-Paw Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $56k (6.7% of expenses). Other salaries and wages came to $178k. At year end it held assets of $746k against liabilities of $31k, net assets of $715k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.