Pets Inc of the Midlands

Analysis

Pets Inc of the Midlands is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Pets Inc of the Midlands reported income of $3.6m and spending of $3.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.6m (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 100% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Pets Inc of the Midlands sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Orphans of the Storm ($3.6m), Onereef Worldwide Stewardship ($3.6m) and Danny and Rons Rescue ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $283k (8.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.8m against liabilities of $139k, net assets of $1.7m. It reported 73 employees.