Saving Grace Animals for Adoption Inc

Analysis

Saving Grace Animals for Adoption Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in October 2004, 22 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, Saving Grace Animals for Adoption Inc reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 25%. 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, Saving Grace Animals for Adoption Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Critters Without Litters Inc ($2.3m), Lion Habitat Ranch Inc ($2.3m) and Cedar Valley Humane Society ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $106k (4.2% of expenses). Other salaries and wages came to $393k. At year end it held assets of $1.4m against liabilities of $122k, net assets of $1.3m. It reported 14 employees.