Spikes K9 Fund

Analysis

Spikes K9 Fund is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Spikes K9 Fund reported income of $1.2m and spending of $1.8m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $1.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 97% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Spikes K9 Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Clarence Center Volunteer Fire Co Inc ($1.2m), Point Pleasant-Plumsteadville Ems ($1.2m) and Twin District Volunteer Fire Company Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $150k (8.3% of expenses). Other salaries and wages came to $194k. At year end it held assets of $312k against liabilities of $3,778, net assets of $308k. It reported 7 employees.