Is Castoff Pet Rescue Inc Legit?

Quick charity verification for Castoff Pet Rescue Inc (EIN: 204638911)

Verdict: Castoff Pet Rescue Inc appears trustworthy

92/100Mission Score
$564KRevenue
$1.2MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Castoff Pet Rescue Inc demonstrates strong financial health and efficient spending, particularly in recent years. The organization has consistently grown its assets, reaching $1,015,960 in 2023, up from $23,456 in 2018, indicating robust financial management and accumulation of resources. Their revenue has also shown significant growth, with the latest reported revenue at $564,226, and a notable increase from $127,779 in 2018 to $422,079 in 2023. The organization consistently spends less than it earns, as evidenced by expenses of $263,973 against revenues of $422,079 in 2023, allowing for asset growth. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which contributes to high spending efficiency and transparency regarding executive pay. This operational model likely allows a greater proportion of funds to be directed towards their mission.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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