Operation Spay Bay Inc

Analysis

Operation Spay Bay Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in July 2012, 14 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, Operation Spay Bay Inc reported income of $2.5m and spending of $2.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.5m (+120%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Operation Spay Bay Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Pet Helpers Inc ($2.5m), Keepers of the Wild ($2.5m) and Pelican Harbor Seabird Station Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $227k (11% of expenses). Other salaries and wages came to $815k. At year end it held assets of $2.7m against liabilities of $1.3m, net assets of $1.4m. It reported 36 employees.