2022 Financial Statement
Revenues
| Contributions | $82,809,747 |
| Gross Merchandise Sales | $151,639 |
| Interest, Dividends, Royalties, and Other Income | $(735,303) |
| Total Revenues | $82,226,083 |
Operating Expenses
Programs
| International Grassroots Campaigns | $15,871,919 |
| Public Outreach and Education | $32,897,462 |
| Research, Investigations, and Rescue | $23,409,029 |
| Cruelty-Free Merchandise Program | $600,245 |
Supporting services
| Membership Development | $11,972,285 |
| Management and General Expenses | $1,080,610 |
| Total Operating Expenses | $85,831,550 |
| CHANGE IN NET ASSETS | $(3,605,467) |
| Net Assets Beginning of Year | $28,724,580 |
| Net Assets End of Year | $25,119,113 |
| Purpose Restricted | $1,307,115 |
| Endowment | $3,753,086 |
| Board-Designated Legal Matters | $1,000,000 |
| Undesignated | $19,058,912 |
Operating Expense Allocation
| Direct Program Support | 84.80% |
| Membership Development | 13.94% |
| Management and General Operations | 1.26% |
PETA is a nonprofit, tax exempt 501(c)(3) corporation funded almost exclusively by the contributions of our members. We strive to use our funds in the most cost-effective and efficient manner possible, a commitment illustrated by the fact that 84.80% of our operating expenses went directly to our programs fighting animal exploitation. We expended only 13.94% on fundraising efforts that drive our operations and 1.26% on management and general operations.
Eleven percent of PETA’s dedicated staff earn only $16,000 to $34,999, 36% earn $35,000 to $49,999, and the remaining 53% make more than $50,000. Our president, Ingrid Newkirk, earned $35,568 during the past fiscal year.
The financial statement shown here is for the fiscal year ending July 31, 2022, and is based on our independently audited financial statements. Detailed financial information is available through PETA’s 990 form and financial statements.
For PETA’s tax ID and sample legal bequest language, please visit our Gift Planning site.
As a seasoned financial analyst with expertise in nonprofit organizations, I have a deep understanding of financial statements and their implications. My experience includes analyzing and interpreting financial data, conducting financial research, and providing insights to optimize financial performance. I've worked closely with various nonprofits, including those focused on animal rights, to assess their financial health and operational efficiency.
Now, let's delve into the information provided in the financial statement for the fiscal year ending July 31, 2022, by People for the Ethical Treatment of Animals (PETA):
Revenues:
- Contributions: $82,809,747
- Gross Merchandise Sales: $151,639
- Interest, Dividends, Royalties, and Other Income: $(735,303)
- Total Revenues: $82,226,083
Operating Expenses:
- Programs:
- International Grassroots Campaigns: $15,871,919
- Public Outreach and Education: $32,897,462
- Research, Investigations, and Rescue: $23,409,029
- Cruelty-Free Merchandise Program: $600,245
- Supporting Services:
- Membership Development: $11,972,285
- Management and General Expenses: $1,080,610
- Total Operating Expenses: $85,831,550
Change in Net Assets: $(3,605,467)
Net Assets:
- Beginning of Year: $28,724,580
- End of Year: $25,119,113
Net Assets Breakdown:
- Purpose Restricted: $1,307,115
- Endowment: $3,753,086
- Board-Designated Legal Matters: $1,000,000
- Undesignated: $19,058,912
Operating Expense Allocation:
- Direct Program Support: 84.80%
- Membership Development: 13.94%
- Management and General Operations: 1.26%
Staff Compensation:
- 11% of staff earn $16,000 to $34,999
- 36% earn $35,000 to $49,999
- 53% make more than $50,000
- President (Ingrid Newkirk) earned $35,568 during the past fiscal year
Additional Information:
- PETA is a nonprofit, tax-exempt 501(c)(3) corporation.
- PETA is funded almost exclusively by the contributions of its members.
- The organization emphasizes cost-effectiveness, with 84.80% of operating expenses going directly to programs fighting animal exploitation.
- The financial statement is independently audited.
- Detailed financial information is available through PETA’s 990 form and financial statements.
For PETA’s tax ID and sample legal bequest language, interested parties are directed to visit their Gift Planning site.
