Love and Hope Animal Sanctuary Inc

Analysis

Love and Hope Animal Sanctuary Inc is a registered charity in United States, based in Franklin, NY. It received its IRS tax-exemption ruling in October 2004, 22 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, Love and Hope Animal Sanctuary Inc reported income of $128k and spending of $146k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $128k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 222%. Over the whole period it spent 273% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Love and Hope Animal Sanctuary Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Aussie Rescue & Placement Helpline Inc ($128k), Dog-Harmony ($128k) and Pupz N Palz Resuce ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $54k. At year end it held assets of $25k against liabilities of $1,345, net assets of $24k. It reported 2 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.