The Laredo Animal Protective Society

Analysis

The Laredo Animal Protective Society is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in February 1956, 70 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Laredo Animal Protective Society reported income of $349k and spending of $511k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $349k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 124% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Laredo Animal Protective Society sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Freedom Ride Rescue ($349k), Ghetto Rescue Ffoundation ($349k) and Humane Action Pittsburgh ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $288k. At year end it held assets of $976k against liabilities of $37k, net assets of $939k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.