Financial Reports
2023 Financial Statement
Revenues
| Contributions | $74,840,156 |
| Gross Merchandise Sales | $146,128 |
| Interest, Dividends, Royalties, and Other Income | $4,233,873 |
| Total Revenues | $79,220,157 |
Operating Expenses
Programs
| International Grassroots Campaigns | $14,240,401 |
| Public Outreach and Education | $22,188,468 |
| Research, Investigations, and Rescue | $25,443,817 |
| Cruelty-Free Merchandise Program | $572,493 |
Supporting services
| Membership Development | $12,001,643 |
| Management and General Expenses | $933,917 |
| Total Operating Expenses | $75,380,739 |
| CHANGE IN NET ASSETS | $3,839,418 |
| Net Assets Beginning of Year | $25,119,113 |
| Net Assets End of Year | $28,958,531 |
| Purpose Restricted | $2,455,833 |
| Endowment | $3,839,944 |
| Board-Designated Legal Matters | $1,000,000 |
| Undesignated | $21,663,754 |
Operating Expense Allocation
| Direct Program Support | 82.84% |
| Membership Development | 15.92% |
| Management and General Operations | 1.24% |
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 82.84% of our operating expenses went directly to our programs fighting animal exploitation. We expended only 15.92% on fundraising efforts that drive our operations and 1.24% on management and general operations.
Thirty-eight percent of PETA’s dedicated staff earn under $49,999, and the remaining 62% make more than $50,000. Our president, Ingrid Newkirk, earned $37,346 during the fiscal year ending July 31, 2023.
The financial statement shown here is for the fiscal year ending July 31, 2023, 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.
