Hart for Animals Inc

Analysis

Hart for Animals Inc is a registered charity in United States, based in McHenry, MD. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hart for Animals Inc reported income of $2.4m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hart for Animals Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include New Kingston Animal Sanctuary ($2.4m), Animal Welfare Society of Monroe ($2.4m) and National Greyhound Adoption Program Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $408k (16% of expenses). Other salaries and wages came to $931k. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.0m. It reported 68 employees.