True Companions Inc

Analysis

True Companions Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1990, 36 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, True Companions Inc reported income of $5.9m and spending of $6.9m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.9m (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, True Companions Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Halifax Humane Society Inc ($5.8m), Romanian League in Defense of Anima LS ($5.9m) and Pets in Need ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $199k (2.9% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $13.3m against liabilities of $181k, net assets of $13.1m. It reported 154 employees.