AI Transparency Report
Cat Adoption Team demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past five years, revenue has steadily increased from $2,634,764 in 2019 to $3,329,110 in 2023, indicating growing support for its mission. The organization consistently spends a high proportion of its expenses on program services, as evidenced by its efficient operations where expenses are generally well-managed relative to revenue. For instance, in 2023, expenses were $3,220,013 against revenues of $3,329,110, leaving a healthy surplus.
The organization's asset base has also shown significant growth, from $7,989,070 in 2019 to $10,488,977 in 2023, suggesting sound financial management and accumulation of resources to support future operations. Liabilities remain a relatively small portion of assets, indicating a strong balance sheet. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries, which is a strong positive for donor confidence.