Banfield Foundation

Analysis

Banfield Foundation is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in October 2018, 8 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, Banfield Foundation reported income of $4.1m and spending of $4.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $4.1m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Banfield Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Kansas City Campus for Animal Care ($4.1m), The International Rhino Foundation ($4.1m) and Great Plains Conservation Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $345k (7.7% of expenses). Other salaries and wages came to $387k. At year end it held assets of $7.9m against liabilities of $738k, net assets of $7.1m. It reported 6 employees.