World Vets EIN 20-4637447 Form 990 (PDF) Claim this org

World Vets FY2023 filing

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Provides worldwide veterinary aid, disaster relief, and training to improve animal health and protect environments. For fiscal year 2023 it reported $922K in revenue, $931K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Animals
Location
Gig Harbor, WA
Website
www.worldvets.org
Filings
5 on file (2020–2023)
Revenue
$922KFY2023
Expenses
$931K
Net assets
$1.2M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-4637447 Public charity (501(c)(3)) Gig Harbor, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Provides worldwide veterinary aid, disaster relief, and training to improve animal health and protect environments.
Leadership
Cathy King DVM, PhD · Ceoveterinarian · $206K
Money in and out
$922K revenue, $931K expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$922K
Pt VIII · Ln 12
Total expenses
$931K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program efficiency
85%
of spending reaches programs
Operating runway
9.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1.0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$922K
FY2023▼ -4%
Expenses
$931K
FY2023▲ +14%
Total assets
$1.2M
FY2023▼ -0.5%
Total liabilities
$3K
FY2023▲ +671%
Total revenue
$922K
Pt VIII · Ln 12
Total expenses
$931K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $794K of program spending, described in the organization's own filed words · FY2023.
01

For over 20 years, World Vets has provided veterinary aid programs and support in over 50 countries on 6 continents providing aid to tens of thousands of animals and the people and communities in which they live.

$794Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWorld Vets
EINHdr · item D20-4637447
Principal addressHdr · item CGig Harbor, WA
WebsiteHdr · item Jwww.worldvets.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D20)
Ruling yearIRS BMFMay 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Ceoveterinarian
$206,062Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cathy King DVM PHD’s $217K as CEO is at the 95th percentile of top reported officer pay among 1132 $1–10M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cathy King DVM PHD$217,021$206,062$191,100$160,042$147,650

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$682K · 74%
Program service revenue$238K · 26%
Contributions & grants74%$682K
Program service revenue26%$238K
Investment income$2K
Other revenue$633
— government grantsLn 1e$60K
Total revenueLn 12$922K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program services85%$794K
Management & general12%$114K
Fundraising2%$23K
Total functional expensesLn 25$931K

Balance Sheet

Part X · end of year
CashLn 1$737K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$3K
Total net assetsLn 32$1.2M
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $737K · Operating expenses (Pt IX) $931K · Less non-cash grants $10K · Cash operating expenses/yr $921K
9.6 months
Where the money goes
Program services
Program services $794K · Total expenses $931K
85%
Management & General
Management & general $114K · Total expenses $931K
12%
Fundraising
Fundraising $23K · Total expenses $931K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $612K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $682K · Total revenue $922K
74%
Government reliance
Government grants $60K · Total revenue $922K
7%
Earned-income share
Program service revenue $238K · Total revenue $922K
26%
Investment reliance
Investment income $2K · Total revenue $922K
+0.2%
Program self-sufficiency
Program service revenue $238K · Total expenses $931K
26%
Growth & trend
Revenue growth (YoY)
This year $922K · Prior year $959K
-4%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $922K · Expenses $931K
-1.0%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cathy King DVM PHD · Reported title CEOVeterinarian · Highest reported compensation $206K · Total expenses $931K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $290K · Total expenses $931K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 12%
Fundraising cost ratio 3%
Revenue growth -4%
Investment management fee ratio 0.2%
Legal fee ratio 1%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.7M revenue · ⤓ 990 PDF
FY2023$922K revenue · viewing · ⤓ 990 PDF
FY2022$959K revenue · ⤓ 990 PDF
FY2021$758K revenue · ⤓ 990 PDF
FY2020$648K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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