Cat Depot

Analysis

Cat Depot is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cat Depot reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.1m to $2.9m (+35%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 107% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Cat Depot sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Central Dakota Humane Society ($2.9m), Commercial Fisheries Research Foundation Inc ($2.9m) and Tabbys Place a Cat Sanctuary Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $90k (3.2% of expenses). Other salaries and wages came to $1.5m. It paid $60k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $433k, net assets of $2.3m. It reported 64 employees.