Animal Network Inc

Analysis

Animal Network Inc is a registered charity in United States, based in Holmes Beach, FL. It received its IRS tax-exemption ruling in February 2002, 24 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, Animal Network Inc reported income of $1.3m and spending of $786k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,844 to $1.3m (+25813%), an average of +25813% a year. The sharpest change came in the year to December 2023, when income rose by 25813%. Over the whole period it spent 76% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Animal Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Mondak Humane Society ($1.3m), Mt Pleasant Animal Shelter Inc ($1.3m) and Cabarrus Spay & Neuter Clinic Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $488k against liabilities of $0, net assets of $488k.