Cat Cove Inc

Analysis

Cat Cove Inc is a registered charity in United States, based in Mollusk, VA. It received its IRS tax-exemption ruling in June 2022, 4 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 Cove Inc reported income of $55k and spending of $63k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $55k (+1.5%), an average of +1.5% a year. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Cat Cove Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Smokey Acres ($55k), White Oaks Therapeutic Equestrian Center ($55k) and Magics Mission Beagle & Hound Rescue Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $9,300 against liabilities of $7,264, net assets of $2,036.