Paws for Life Inc

Analysis

Paws for Life Inc is a registered charity in United States, based in Chesapeake Cy, MD. It received its IRS tax-exemption ruling in January 1998, 28 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, Paws for Life Inc reported income of $317k and spending of $77k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $317k (+321%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 221%. Over the whole period it spent 56% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Paws for Life Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Long Way Home Inc ($317k), Diamonds in the Ruff Rescue Mo ($317k) and Humane Society of Lebanon County Thrift Shop ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $9,450 (12% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.0m against liabilities of $4,889, net assets of $1.0m. It reported 4 employees.