Society for the Prevention of Cruelty to Animals Wake County Inc

Analysis

Society for the Prevention of Cruelty to Animals Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Society for the Prevention of Cruelty to Animals Wake County Inc reported income of $12.7m and spending of $6.7m, leaving 47% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $12.7m (+249%), an average of +52% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 59% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Society for the Prevention of Cruelty to Animals Wake County Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Vancouver Humane Society & Society for the Prevention of Cruelty to a ($12.7m), The North Carolina Aquarium Society ($12.8m) and Joybound People and Pets Fka Tony Larussas Animal Rescue Foundation ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $266k (4.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $18.1m against liabilities of $1.1m, net assets of $17.1m. It reported 79 employees.