Pals N Pets Inc

Analysis

Pals N Pets Inc is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pals N Pets Inc reported income of $171k and spending of $110k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $75k to $171k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pals N Pets Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Charm City Land Trusts Inc ($171k), Rome Apartments Inc ($171k) and Bethany Villa Housing Association Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $76k (69% of expenses). Other salaries and wages came to $6,180. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 2 employees.