Consistent revenue growth, from $62,913 in 2013 to $175,176 in 2022.
Significant asset growth, from $38,342 in 2013 to $444,604 in the latest period.
Zero officer compensation reported across all filings, indicating high efficiency.
Low liabilities relative to assets, suggesting strong financial stability.
Consistent filing of IRS 990 forms over 12 periods, demonstrating transparency.
Spending Breakdown
How Woonsocket Cat Sanctuary Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Woonsocket Cat Sanctuary Inc
Is Woonsocket Cat Sanctuary Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woonsocket Cat Sanctuary Inc (EIN: 203122035) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Woonsocket Cat Sanctuary Inc a good charity to donate to?
Woonsocket Cat Sanctuary Inc has a Mission Score of 95/100. Revenue: $209K. Assets: $445K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Woonsocket Cat Sanctuary Inc?
The Employer Identification Number (EIN) for Woonsocket Cat Sanctuary Inc is 203122035. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Woonsocket Cat Sanctuary Inc spend its money?
Woonsocket Cat Sanctuary Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Woonsocket Cat Sanctuary Inc's tax-exempt status?
You can verify Woonsocket Cat Sanctuary Inc's tax-exempt status using EIN 203122035 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Woonsocket Cat Sanctuary Inc demonstrates strong financial health and efficient spending, particularly in recent years. The organization has shown consistent growth in revenue and assets, with revenue increasing from $62,913 in 2013 to $175,176 in 2022, and assets growing from $38,342 to $261,911 over the same period. This indicates effective fundraising and asset management. The organization consistently spends a high proportion of its expenses on program services, as evidenced by its low administrative and fundraising costs, and zero officer compensation.
The sanctuary's financial management appears prudent, with liabilities remaining very low relative to assets, suggesting a stable financial position. The significant increase in assets, particularly the jump from $261,911 in 2022 to $444,604 in the latest reported period, further solidifies its financial standing. The consistent filing of IRS 990 forms over 12 periods demonstrates a commitment to transparency, providing a clear historical record of its financial operations.
Overall, Woonsocket Cat Sanctuary Inc appears to be a well-managed and financially sound nonprofit, effectively utilizing its resources to support its mission. The absence of officer compensation is a notable positive indicator of its dedication to directing funds towards its programs.