Companions and Animals for Reform and Equity Inc

Analysis

Companions and Animals for Reform and Equity Inc is a registered charity in United States, based in Baltimore, 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 (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, Companions and Animals for Reform and Equity Inc reported income of $8.0m and spending of $3.4m, leaving 58% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $766k to $8.0m (+948%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 416%. Over the whole period it spent 54% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Companions and Animals for Reform and Equity 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 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Arkansas Game & Fish Foundation ($8.0m), Animal Humane Association of New Mexico Inc ($8.1m) and Boone & Crockett Club ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $281k (8.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.0m against liabilities of $219k, net assets of $6.8m. It reported 21 employees.