Lake Norman Lucky Cat

Analysis

Lake Norman Lucky Cat is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in July 2004, 22 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, Lake Norman Lucky Cat reported income of $161k and spending of $55k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $161k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 42% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lake Norman Lucky Cat sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include One More Dog Rescue Inc ($161k), Butts County Humane Society Inc ($161k) and Sea Turtle Recovery Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.