Petey and Furends Inc

Analysis

Petey and Furends Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Petey and Furends Inc reported income of $142k and spending of $211k, spending 148% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $221k to $142k (-35%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 82% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Petey and Furends Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Lebanon Humane Society ($142k), ASPCA Veterinary Services of North Carolina PC ($142k) and Banditas Wild Horse Promise ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $168k against liabilities of $18k, net assets of $150k.