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Top Rated

PetSmart Charities

CharityWatch report issued
October 2019

Top-Rated Charity
A+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
95%
Program Percentage
Amount spent on programs
relative to overhead.
 
$3
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

PetSmart Charities
19601 North 27th Avenue
Phoenix, AZ 85027

Other Names

None

Tax Status

501(c)3

Stated Mission

To find lifelong, loving homes for all pets by supporting programs and thought leadership that bring people and pets together.

View similar charities
Data based on Fiscal Year Ended 02/03/2019

Program Percentage: 95%

The percentage of PetSmart Charities's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$54,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $3

How many dollars PetSmart Charities spends on fundraising to raise each $100 of contributions.

$47,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
PetSmart Charities IRS Form 990 93-1140967
PetSmart Charities Consolidated Audited Financial Statements Multiple
Entity: PetSmart Charities
Document Type: IRS Form 990
Tax ID: 93-1140967
Entity: PetSmart Charities
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
PetSmart Charities
meets governance benchmarks.
 
PetSmart Charities
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-In Policy  

  Name Title Compensation
1 J. David Haworth President $461,801
2 Deborah K. Turcott Treasurer $321,490
3 Roger Haston Secretary $241,781
1
Name: J. David Haworth
Title: President
Compensation: $461,801
2
Name: Deborah K. Turcott
Title: Treasurer
Compensation: $321,490
3
Name: Roger Haston
Title: Secretary
Compensation: $241,781

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the PetSmart Charities consolidated audit of February 3, 2019 (Note 4, Transactions with PetSmart, Inc. and PetSmart Charities of Canada):

"The Organization is highly dependent upon the viability of PetSmart as this is the primary source of donated revenue received in the stores from customers and from PetSmart employees. Royalty income is generated on specific campaigns where the Organization receives a percentage of the purchase price on selected merchandise items sold in PetSmart stores that bear its trademark during a certain timeframe...

"The Organization entered into a management services agreement with PetSmart to cost-effectively outsource certain business and administrative management services. The fees paid to PetSmart are capped annually and the value of contributed rent, services, products, and supplies received by the Organization under the agreement overwhelmingly exceeds the payments made to PetSmart.

"The Organization incurred approximately $5,807,000 and $5,140,000 of expenses under the management services agreement for the years ended February 3, 2019 and January 28, 2018, respectively..."

[...]

"The Organization entered into a formal management services agreement with PetSmart Charities of Canada (PCC) consistent with prior years' practice of providing business management, finance, strategy and other services..."

According to the PetSmart Charities consolidated audit of February 3, 2019 (Note 1, Contributed Goods and Services), PetSmart Charities received in-kind donated goods and services in fiscal 2019 on which it placed a total value of approximately $33.8 million. Of this amount, approximately $33.6 million consisted of contributed rent, goods, and services received from PetSmart, Inc.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]


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