Petset
Petset shows strong revenue growth and program spending efficiency with no reported officer compensation.
EIN: 200800623 · Houston, TX · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.7M |
| Program Spending | 88% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Petset Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Petset directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Petset
Petset (EIN: 200800623) is a nonprofit organization based in Houston, TX, classified under NTEE code D20. The organization reported total revenue of $3.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Petset's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Petset is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$187K |
| Total Assets | $1.8M |
| Total Liabilities | $50K |
| Net Assets | $1.7M |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Petset reported a surplus of $187K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Petset's revenue has grown at a compound annual growth rate (CAGR) of 37.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +0.4% | +11.5% |
| 2022 | -14.6% | +56.4% | -15.2% |
| 2021 | +12.4% | -6.3% | +104.4% |
| 2020 | +68.1% | +30.5% | +89.4% |
| 2019 | +49.0% | +25.7% | +73.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Petset with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Petset allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $187K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Petset consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive salaries are not reported in this category, which significantly contributes to lower administrative costs and higher program spending efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Petset's IRS 990 filings:
- Deficit spending in 2022 ($2,366,756 revenue vs. $2,654,032 expenses)
Strengths
The following positive indicators were identified for Petset:
- Consistent revenue growth over the past decade (e.g., $122,908 in 2015 to $2,851,000 in 2023)
- No reported officer compensation across all filings, indicating high efficiency
- Strong asset growth, enhancing long-term stability (e.g., $36,962 in 2014 to $1,760,169 in 2023)
- Positive financial surplus in the latest reporting period (202312: $2,851,000 revenue vs. $2,663,882 expenses)
Frequently Asked Questions about Petset
Is Petset a legitimate charity?
Petset (EIN: 200800623) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Petset spend its money?
Petset directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Petset tax-deductible?
Petset is registered as a tax-exempt nonprofit (EIN: 200800623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Petset's spending goes to programs?
Petset directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Petset compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Petset is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Petset located?
Petset is headquartered in Houston, Texas and files with the IRS under EIN 200800623. It is classified under NTEE code D20.
How many years of IRS 990 filings does Petset have?
Petset has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.2M in total revenue.
Is Petset a good charity?
Based on its financial data, Petset appears to be a good charity. It demonstrates strong program spending, consistent revenue growth, and no reported officer compensation, suggesting efficient use of funds for its mission.
How has Petset's revenue changed over time?
Petset has experienced significant revenue growth, increasing from $122,908 in 2015 to $2,851,000 in 2023, indicating strong donor support and organizational expansion.
Does Petset spend efficiently?
Yes, Petset appears to spend very efficiently. The absence of reported officer compensation and the high proportion of expenses likely directed to programs (estimated 88%) suggest a lean operational model focused on mission delivery.
What is Petset's financial stability?
Petset's financial stability is strong, evidenced by consistent asset growth from $36,962 in 2014 to $1,760,169 in 2023, and a positive surplus in its latest filing period (202312).
Filing History
IRS 990 filing history for Petset showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Petset's revenue has grown by 4329%, moving from $64K to $2.9M. Total assets increased by 2222.1% over the same period, from $76K to $1.8M. Total functional expenses rose by 4110.9%, from $63K to $2.7M. In its most recent filing year (2023), Petset reported a surplus of $187K, with revenue exceeding expenses. The organization holds $50K in liabilities against $1.8M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.7M | $1.8M | $50K | — | — |
| 2022 | $2.4M | $2.7M | $1.6M | $56K | — | — |
| 2021 | $2.8M | $1.7M | $1.9M | $51K | — | View 990 |
| 2020 | $2.5M | $1.8M | $911K | $177K | — | — |
| 2019 | $1.5M | $1.4M | $481K | $4K | — | View 990 |
| 2018 | $985K | $1.1M | $278K | $6K | — | View 990 |
| 2017 | $1.6M | $1.3M | $339K | $15K | — | — |
| 2016 | $459K | $424K | $51K | $0 | — | — |
| 2015 | $123K | $134K | $78K | $0 | — | View 990 |
| 2014 | $140K | $115K | $37K | $0 | — | View 990 |
| 2013 | $7K | $68K | $12K | $0 | — | View 990 |
| 2012 | $54K | $57K | $73K | $0 | — | View 990 |
| 2011 | $64K | $63K | $76K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.7M, and assets of $1.8M (revenue +20.5% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.7M, and assets of $1.6M (revenue -14.6% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.7M, and assets of $1.9M (revenue +12.4% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.8M, and assets of $911K (revenue +68.1% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $481K (revenue +49.0% year-over-year).
- 2018: Revenue of $985K, expenses of $1.1M, and assets of $278K (revenue -38.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.3M, and assets of $339K (revenue +250.9% year-over-year).
- 2016: Revenue of $459K, expenses of $424K, and assets of $51K (revenue +273.4% year-over-year).
- 2015: Revenue of $123K, expenses of $134K, and assets of $78K (revenue -12.0% year-over-year).
- 2014: Revenue of $140K, expenses of $115K, and assets of $37K (revenue +1771.8% year-over-year).
- 2013: Revenue of $7K, expenses of $68K, and assets of $12K (revenue -86.2% year-over-year).
- 2012: Revenue of $54K, expenses of $57K, and assets of $73K (revenue -15.7% year-over-year).
- 2011: Revenue of $64K, expenses of $63K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Petset:
Data Sources and Methodology
This transparency report for Petset is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.