Golden Oldies Cat Rescue

Analysis

Golden Oldies Cat Rescue is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in June 2016, 10 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, Golden Oldies Cat Rescue reported income of $171k and spending of $88k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $203k to $171k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 41% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Golden Oldies Cat Rescue sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include American Belgian Malinois Rescue Inc ($171k), Pawsitive Possibilities Rescue Inc ($171k) and Pet Project Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $40k (46% of expenses). At year end it held assets of $494k against liabilities of $4,124, net assets of $490k. It reported 3 employees.