Vetsaid Inc

Analysis

Vetsaid Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Vetsaid Inc reported income of $2.3m and spending of $2.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $869k to $2.3m (+162%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 655%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vetsaid Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Commission on Eliminating Harassment and Advancing Equality ($2.3m), United Way of Mower County Inc ($2.3m) and Indigenous Medicine Conservation Fund ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $212k against liabilities of $3,623, net assets of $208k.