Paws4people Inc

Analysis

Paws4people Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Paws4people Inc reported income of $2.7m and spending of $4.2m, spending 153% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.7m to $2.7m (+64%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 170% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paws4people Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Adirondack North Country Association Inc ($2.7m), International Institute of Greater Lawrence Inc ($2.7m) and Arch Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $199k (4.8% of expenses). Other salaries and wages came to $712k. At year end it held assets of $16.1m against liabilities of $1.9m, net assets of $14.2m. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.