Cats Corner Incorporated
Cats Corner Incorporated operates on a micro-budget with minimal assets and no reported officer compensation.
EIN: 10496979 · Skowhegan, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Program Spending | 90% |
| Net Assets | $257 |
| Transparency Score | 70/100 |
Is Cats Corner Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cats Corner Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cats Corner Incorporated
Cats Corner Incorporated (EIN: 10496979) is a nonprofit organization based in Skowhegan, ME. The organization reported total revenue of $2K and total assets of $6 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cats Corner Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cats Corner Incorporated is a micro nonprofit that has been operating for 29 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $2K |
| Surplus / Deficit | +$2K |
| Total Assets | $257 |
| Net Assets | $257 |
| Operating Margin | 42.4% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2015, Cats Corner Incorporated reported a surplus of $2K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2011–2015), Cats Corner Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +26.9% | -27.0% | +12750.0% |
| 2014 | -2.6% | -2.2% | -75.0% |
| 2013 | +1.2% | +1.1% | +166.7% |
| 2012 | -8.3% | -8.2% | -57.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cats Corner Incorporated with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Cats Corner Incorporated allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership, if any, is entirely volunteer-based and receives no salary or benefits. This is appropriate for an organization of its extremely small size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cats Corner Incorporated's IRS 990 filings:
- Extremely low assets ($6 latest) indicating minimal financial reserves or capacity for significant operations.
- Lack of detailed financial information due to 990-N filing, limiting in-depth analysis of spending efficiency.
Strengths
The following positive indicators were identified for Cats Corner Incorporated:
- Consistent 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for an organization of its size.
- Consistent IRS filing history (5 filings), demonstrating basic compliance and transparency for a micro-nonprofit.
- Very low overhead implied by minimal expenses relative to revenue, suggesting most funds go directly to purpose.
Frequently Asked Questions about Cats Corner Incorporated
Is Cats Corner Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Cats Corner Incorporated (EIN: 10496979) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Cats Corner Incorporated spend its money?
Cats Corner Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cats Corner Incorporated tax-deductible?
Cats Corner Incorporated is registered as a tax-exempt nonprofit (EIN: 10496979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cats Corner Incorporated located?
Cats Corner Incorporated is headquartered in Skowhegan, Maine and files with the IRS under EIN 10496979.
How many years of IRS 990 filings does Cats Corner Incorporated have?
Cats Corner Incorporated has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2K in total revenue.
Is Cats Corner Incorporated a good charity?
Given its extremely small scale, consistent 0% officer compensation, and minimal assets, Cats Corner Incorporated appears to be a very lean, volunteer-run effort. Its 'goodness' would depend on the effectiveness of its direct program activities, which are not detailed in the available micro-filings. Financially, it shows no signs of waste or excessive overhead.
What are the primary activities of Cats Corner Incorporated?
Based solely on the IRS 990-N filings, the specific program activities are not detailed. The name 'Cats Corner Incorporated' suggests a focus on feline welfare, but without more detailed filings, the exact nature of its work (e.g., rescue, spay/neuter, adoption) is unknown.
Filing History
IRS 990 filing history for Cats Corner Incorporated showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Cats Corner Incorporated's revenue has grown by 14.8%, moving from $3K to $4K. Total assets increased by 3571.4% over the same period, from $7 to $257. Total functional expenses fell by 33.8%, from $3K to $2K. In its most recent filing year (2015), Cats Corner Incorporated reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $4K | $2K | $257 | $0 | — | View 990 |
| 2014 | $3K | $3K | $2 | $0 | — | View 990 |
| 2013 | $3K | $3K | $8 | $0 | — | View 990 |
| 2012 | $3K | $3K | $3 | $0 | — | View 990 |
| 2011 | $3K | $3K | $7 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $4K, expenses of $2K, and assets of $257 (revenue +26.9% year-over-year).
- 2014: Revenue of $3K, expenses of $3K, and assets of $2 (revenue -2.6% year-over-year).
- 2013: Revenue of $3K, expenses of $3K, and assets of $8 (revenue +1.2% year-over-year).
- 2012: Revenue of $3K, expenses of $3K, and assets of $3 (revenue -8.3% year-over-year).
- 2011: Revenue of $3K, expenses of $3K, and assets of $7.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cats Corner Incorporated:
Data Sources and Methodology
This transparency report for Cats Corner Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.