Wags Pet Clinic Inc

Analysis

Wags Pet Clinic Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2017, 9 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, Wags Pet Clinic Inc reported income of $10.7m and spending of $8.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $10.7m (+301%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 85% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Wags Pet Clinic Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Kentucky Humane Society ($10.6m), The Foundation for North America Wild Sheep ($10.7m) and Montgomery County Society for the Prevention of Cruelty to Animals ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $440k (5.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.8m against liabilities of $232k, net assets of $5.6m. It reported 153 employees.