Love Pet Project Inc

Analysis

Love Pet Project Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in September 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 (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, Love Pet Project Inc reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $390k to $1.5m (+293%), an average of +98% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 94% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Love Pet Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include S a V E - a Friend to Homeless Animals Inc ($1.5m), Hillside Society for the Prevention of Cruelty to Animals ($1.5m) and The Animal League Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $99k (7.8% of expenses). Other salaries and wages came to $439k. At year end it held assets of $360k against liabilities of $175k, net assets of $185k. It reported 27 employees.