HOMELESS ANIMALS RESCUE TEAM INC
Mission Statement
HART is a non-profit 501(c)(3) no-kill animal rescue/support group, incorporated in 1990, that takes in and rehomes abused and unwanted dogs and cats. HART works with local veterinarians, foster homes, kennels, and trainers to provide temporary housing, medical care and, where appropriate, training for our animals until s/he is placed in a loving, carefully-screened new home. HART takes in older, sick, and injured animals as well as the readily adoptable and never takes just the pups and kittens, leaving mom behind. We seek to direct our resources where they are most needed and to alleviate or prevent suffering wherever we find it. In carrying out our work, HART also helps people who require assistance relating to their pets due to failing health, financial reverses or other personal circumstances. To the extent possible, HART works with senior and indigent persons to enable these owners to keep their companion animals. HART also helps those who can no longer keep their pets by finding a responsible and loving new home for the animal. Finally, HART helps people who themselves rescue a dog or cat in distress, but are unable to provide long-term care for him/her, by relieving the rescuer of the emotional burden of turning the animal over to a public shelter where it may well be put to death. HART operates with modest overhead expenses, thanks in large part to our strong volunteer corps. We maintain a minimally-staffed office, which has proven to be the most effective way of housing our organization, establishing a focal point for administering our programs, while providing the community convenient access to HART. The lion’s share of our revenues, 98.1% in the last reporting period, goes directly to benefit our dogs and cats. Many services and supplies are donated and our largest expenditures, veterinary services and boarding, are discounted. While these expenses are a necessary incident to HART’s work, we are constantly seeking – and finding – new ways of helping more animals with the resources available.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
96.7% | 84.3% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.2% | 9.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.1% | 4.6% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
12.0 mo | 18.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.8% | 5.4% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
80.0% | 80.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
26.0% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.6% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.7% | 3.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.8M | $1.4M | $1.4M | 96.7% | 7 |
| 2022 | $1.4M | $1.3M | $905K | 97.0% | 8 |
| 2021 | $919K | $980K | N/A | — | 7 |
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