TLC Petsnip Inc

Analysis

TLC Petsnip Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in May 2012, 14 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 September 2022, TLC Petsnip Inc reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $2.2m to $3.0m (+41%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 45%. 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, TLC Petsnip Inc 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 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Alaska Zoo ($3.0m), Brother Wolf Animal Rescue Inc ($3.0m) and Wright-Way Rescue ($3.0m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $247k (7.9% of expenses). Other salaries and wages came to $936k. At year end it held assets of $412k against liabilities of $85k, net assets of $327k. It reported 96 employees.