Is Cat Fanciers Association Inc Legit?

The Cat Fanciers Association Inc. demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade, contributing to a stable asset base. For instance, in 202204, revenue was $2,326,921 against expenses of $2,130,419, leading to an increase in net assets. While the organization's NTEE code is unknown, which can sometimes hinder a full understanding of its programmatic focus, the consistent filing of IRS Form 990s for 12 periods indicates a commitment to regulatory transparency. The absence of reported officer compensation across all available filings is a notable positive indicator of financial stewardship and a potential strength in terms of minimizing administrative overhead. However, the most recent filing (202304) shows expenses of $2,336,341 exceeding revenue of $2,247,346, resulting in a net deficit for that period. This trend, if continued, could impact the organization's long-term financial health, despite a healthy asset base of $4,082,361. The organization's financial health appears generally stable, but the recent deficit warrants attention. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency, though the lack of officer compensation suggests a lean approach to executive costs.