Madison Cat Project Inc

Analysis

Madison Cat Project Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2005, 21 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, Madison Cat Project Inc reported income of $661k and spending of $683k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $661k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Madison Cat Project Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Sophies Circle Inc ($661k), Dogwood Animal Shelter Inc ($661k) and A Little Rescue ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $274k. At year end it held assets of $1.1m against liabilities of $374k, net assets of $710k. It reported 11 employees.