Petopia Inc

Analysis

Petopia Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in August 2021, 5 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, Petopia Inc reported income of $105k and spending of $246k, spending 235% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.4m to $105k (-93%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 29% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Petopia Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Paws Cat Rescue Haven House ($105k), Ewenity Farm Herding Dog Haven Inc ($105k) and Oswego County Animal Welfare League Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $29k. At year end it held assets of $2.5m against liabilities of $4,862, net assets of $2.5m. It reported 2 employees.