People for the Ethical Treatment of Animals Inc

Analysis

People for the Ethical Treatment of Animals Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1981, 45 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 July 2023, People for the Ethical Treatment of Animals Inc reported income of $69.9m and spending of $67.8m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $48.1m to $69.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to July 2020, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, People for the Ethical Treatment of Animals Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include San Diego Humane Society and SPCA ($67.2m), Omaha Zoological Society Inc ($70.8m) and Rocky Mountain Elk Foundation Inc ($66.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $177k (0.3% of expenses). Other salaries and wages came to $16.1m. It paid $262k in professional fundraising fees. At year end it held assets of $44.4m against liabilities of $15.4m, net assets of $29.0m. It reported 356 employees.