Pet Adoption & Welfare Society of Carteret

Analysis

Pet Adoption & Welfare Society of Carteret is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 July 2024, Pet Adoption & Welfare Society of Carteret reported income of $53k and spending of $96k, spending 181% of what it took in. Across the 5 years on record, from July 2019 to July 2024, income grew from $37k to $53k (+44%), an average of +9.6% a year. The sharpest change came in the year to July 2023, when income rose by 150%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pet Adoption & Welfare Society of Carteret sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Retreat at Beckleysville Inc ($53k), Kimberly Papermaker Booster Club ($53k) and Richmond Rotary Project Fund ($53k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $2.2m against liabilities of $1,027, net assets of $2.2m.