Project K9 Hero

Analysis

Project K9 Hero is a registered charity in United States, based in Whitwell, TN. It received its IRS tax-exemption ruling in July 2016, 10 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, Project K9 Hero reported income of $4.0m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.0m (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Project K9 Hero sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Womens Humane Society for the Prevention of Cruelty to Animals ($4.0m), Little Shelter Animal Adoption Center Inc ($4.0m) and South Suburban Humane Society ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $135k (3.4% of expenses). Other salaries and wages came to $306k. It paid $24k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $319k, net assets of $2.0m. It reported 10 employees.