Animal-Related (D20) IRS Verified DX Registered 990 on File

LAKE NORMAN HUMANE INC

EIN: 86-1160840 · MOORESVILLE, NC 28117-3937 · United States · FY 2024 Data

3 out of 5 48 / 100 Based on 2+ years of filings

Financial strength (30%) 74/100

Reliability (20%) 50/100

Effectiveness (25%) 65/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Lake Norman Humane envisions a community where pets are healthy, in a loving forever home with the ability to return to that home should they ever be separated. We rescue, rehabilitate and rehome companion animals so they can get a second chance at a forever home. To help reduce the pet overpopulation problem, we partner with clinics and area veterinarians to offer affordable, accessible spay/neuter services. We believe people want to treat their valued family member properly but sometimes there is a need for education and training for the pet parent as well. On November 1, 2016, Friends of the Animals - Iredell merged with Humane Society of Iredell to form Lake Norman Humane.

Financial Overview — FY 2024

$1.2M

Total Revenue

$1.1M

Total Expenses

$2.7M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 60.7%

Fundraising Efficiency 38.0%

Operating Reserve 30.35x

Liability-to-Asset 19.9%

Revenue Diversification 44.4%

Compared with Peers

FY 2024

Compared with 996 similar organizations (United States, Animal-Related, $1M–$10M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	60.7%	84.8%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	23.6%	9.2%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	15.7%	4.1%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	38.0%	100.6%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	30.4 mo	17.8 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	19.9%	4.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	44.4%	79.2%	P10P90	Top quarter
Revenue growth Year over year revenue growth	37.4%	10.4%	P10P90
Expense growth Year over year expense growth	21.8%	9.6%	P10P90
Surplus margin Surplus as a share of revenue	10.2%	4.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$1.2M	$1.1M	$2.7M	60.7%	24
2023	$861K	$872K	$2.6M	73.0%	22
2022	$825K	$740K	$2.6M	72.9%	19
2021	$1.9M	$767K	N/A	—	16

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Organization Details

EIN: 86-1160840
State: NC
City: MOORESVILLE
ZIP: 28117-3937
Classification: D20
Category: Animal-Related
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2005
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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