Therapet

Analysis

Therapet is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in September 1997, 29 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, Therapet reported income of $367k and spending of $253k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $367k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 75% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Therapet 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 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Cats Cradle Shelter Inc ($367k), Halfway Home Rescue ($367k) and Salt Pond Areas Bird Sanctuaries Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $93k (37% of expenses). Other salaries and wages came to $21k. At year end it held assets of $709k against liabilities of $1,382, net assets of $707k. It reported 4 employees.