Therapy Pet Pals of Texas Inc

Analysis

Therapy Pet Pals of Texas Inc is a registered charity in United States, based in W Lake Hills, TX. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Therapy Pet Pals of Texas Inc reported income of $72k and spending of $68k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $72k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Therapy Pet Pals of Texas Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Harch Hyperbaric Institute Inc ($72k), Change the World Rva ($72k) and Rumi Rancho Ministries Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Other salaries and wages came to $33k. At year end it held assets of $624k against liabilities of $3,705, net assets of $620k. It reported 2 employees.