Dolphin Life Inc

Analysis

Dolphin Life Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in August 2016, 10 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, Dolphin Life Inc reported income of $2.6m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.6m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 84% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Dolphin Life 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 Center for a Humane Economy Inc ($2.6m), Puppy Kitty Ny City Inc ($2.6m) and Lever Foundation Growth Fund ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $166k (7.1% of expenses). Other salaries and wages came to $600k. At year end it held assets of $3.8m against liabilities of $2.1m, net assets of $1.8m. It reported 44 employees.