Pay It Forward for Pets Inc

Analysis

Pay It Forward for Pets Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 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 December 2023, Pay It Forward for Pets Inc reported income of $389k and spending of $259k, leaving 33% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $260k to $389k (+50%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 86% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Pay It Forward for Pets Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Logan County Humane Society Inc ($389k), United States Veterans Service Dogs ($389k) and Omega Horse Rescue and Rehabilitation Center Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $576k against liabilities of $0, net assets of $576k. It reported 15 employees.