Rags 2 Riches Animal Rescue

Analysis

Rags 2 Riches Animal Rescue is a registered charity in United States, based in Uppr Chichstr, PA. It received its IRS tax-exemption ruling in December 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, Rags 2 Riches Animal Rescue reported income of $367k and spending of $332k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $248k to $367k (+48%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Rags 2 Riches Animal Rescue 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 63rd percentile within PA. Charities of a similar size with the same main cause include Huron Humane Society Inc ($366k), Dogs and Cats of the Dominican Republic Inc ($367k) and Outsiders Farm & Sanctuary Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $181k against liabilities of $0, net assets of $181k.