Palm Beach Island Cats Inc

Analysis

Palm Beach Island Cats Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in June 2010, 16 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, Palm Beach Island Cats Inc reported income of $200k and spending of $178k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $200k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Palm Beach Island Cats Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Coalition of Feral Cat Caretakers Inc ($200k), Arkansas Waterfowl Association ($200k) and Top Dogg K9 Foundation Tdk9f Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $103k. It paid $2,325 in professional fundraising fees. At year end it held assets of $301k against liabilities of $4,120, net assets of $297k. It reported 2 employees.