Puget Sound Pet Food Bank

Analysis

Puget Sound Pet Food Bank is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Puget Sound Pet Food Bank reported income of $169k and spending of $122k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $169k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puget Sound Pet Food Bank sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Friends of Emek Learning Center Inc ($169k), Positive People Network Inc ($169k) and Salem Harvest ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $116k against liabilities of $65, net assets of $116k.