Laurel Cats Inc

Analysis

Laurel Cats Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in July 2014, 12 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, Laurel Cats Inc reported income of $240k and spending of $178k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $240k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 76% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Laurel Cats Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include National Newfoundland Rescue Inc ($240k), Hickory Nut Gap Farm Education Project Inc ($240k) and Animal Lighthouse Rescue Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. At year end it held assets of $284k against liabilities of $11k, net assets of $273k.