Happy Cat Inc

Analysis

Happy Cat Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Happy Cat Inc reported income of $1.6m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $1.6m (+1300%), an average of +93% a year. The sharpest change came in the year to December 2020, when income rose by 680%. Over the whole period it spent 89% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Happy Cat Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Dorchester Paws ($1.6m), Humane Society of the North Bay ($1.6m) and Noahs Ark Animal Rehabilitation Center and Sanctuary Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (0.7% of expenses). It paid $106k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $60k, net assets of $1.0m. It reported 1 employees.