Petconnect Rescue Inc

Analysis

Petconnect Rescue Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in June 2005, 21 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 September 2023, Petconnect Rescue Inc reported income of $734k and spending of $871k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $771k to $734k (-4.9%), an average of -1.3% a year. The sharpest change came in the year to September 2023, when income dropped by 22%. Over the whole period it spent 86% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Petconnect Rescue Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Zoological Association of America Incorporated ($733k), The@international Wildlife Coexistence Network Inc ($734k) and Madison Oglethorpe Animal Shelter Inc ($733k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Other salaries and wages came to $131k. At year end it held assets of $1.7m against liabilities of $57k, net assets of $1.7m. It reported 3 employees.