Kat Vet Spay Neuter & Rescue

Analysis

Kat Vet Spay Neuter & Rescue is a registered charity in United States, based in Ponchatoula, LA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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, Kat Vet Spay Neuter & Rescue reported income of $405k and spending of $366k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $269k to $405k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kat Vet Spay Neuter & Rescue sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within LA. Charities of a similar size with the same main cause include Azorean Brotherhood of the Divine Holy Ghost ($405k), Palm Beach County Golf Association Inc ($405k) and Arrowhead Center Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). Other salaries and wages came to $55k. At year end it held assets of $62k against liabilities of $2,013, net assets of $60k.