Frieds Cat Shelter Inc

Analysis

Frieds Cat Shelter Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frieds Cat Shelter Inc reported income of $486k and spending of $453k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $626k to $486k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 108% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Frieds Cat Shelter Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Resale to the Rescue Inc ($486k), Cozy Cat Cottage ($487k) and Animalkind Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $201k (44% of expenses). At year end it held assets of $1.0m against liabilities of $1,480, net assets of $999k.