Res-Q-Pets Inc

Analysis

Res-Q-Pets Inc is a registered charity in United States, based in Lawrence TWP, NJ. It received its IRS tax-exemption ruling in April 2022, 4 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 2024, Res-Q-Pets Inc reported income of $89k and spending of $91k, spending 102% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $91k to $89k (-2.5%), an average of -1.3% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Res-Q-Pets Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Louisiana Baby Mommas Rescue ($89k), Green Acres Farm Sanctuary ($89k) and Service Dogs of Distinction Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.