Your New Best Friend Dog Rescue Inc

Analysis

Your New Best Friend Dog Rescue Inc is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Your New Best Friend Dog Rescue Inc reported income of $232k and spending of $233k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $421k to $232k (-45%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Your New Best Friend Dog Rescue Inc 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 64th percentile within NJ. Charities of a similar size with the same main cause include Mightyvet ($232k), Texas Valor Project ($232k) and The Arc Eau Claire Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $10k (4.3% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k.