Hope for Cats Inc

Analysis

Hope for Cats Inc is a registered charity in United States, based in North Boston, NY. It received its IRS tax-exemption ruling in June 2007, 19 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, Hope for Cats Inc reported income of $67k and spending of $66k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $67k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 81% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope for Cats Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Norcal German Shepherd Rescue Dba Shepheroes ($67k), American Shetland Sheepdog Association Foundation ($67k) and Precious Pals Pet Rescue ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.0% of the total. At year end it held assets of $54k against liabilities of $2,873, net assets of $51k.