Mightyvet

Analysis

Mightyvet is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mightyvet reported income of $232k and spending of $251k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $148k to $232k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mightyvet sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include The Arc Eau Claire Inc ($232k), Your New Best Friend Dog Rescue Inc ($232k) and Families Caring for Children Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.