Companion Animal Placement Inc
Companion Animal Placement Inc: Declining Revenue, Negative Net Income, and Low Program Spending
EIN: 223084903 · Weehawken, NJ · NTEE: D200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $302K |
| Total Expenses | $306K |
| Program Spending | 66% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $37K |
| Transparency Score | 60/100 |
Is Companion Animal Placement Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Companion Animal Placement Inc directs 66% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Companion Animal Placement Inc
Companion Animal Placement Inc (EIN: 223084903) is a nonprofit organization based in Weehawken, NJ, classified under NTEE code D200. The organization reported total revenue of $302K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Companion Animal Placement Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Companion Animal Placement Inc is a small nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $306K |
| Surplus / Deficit | $-5,859 |
| Total Assets | $38K |
| Total Liabilities | $66 |
| Net Assets | $37K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Companion Animal Placement Inc reported a deficit of $6K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Companion Animal Placement Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +2.5% | +114.5% |
| 2022 | -2.3% | +8.1% | -57.2% |
| 2021 | -6.8% | -24.2% | +16.0% |
| 2020 | -19.5% | +3.7% | -63.8% |
| 2019 | +7.9% | -19.1% | +370.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Companion Animal Placement Inc with a Mission Score of 60 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: 34%
- programs: 66%
- fundraising: 0%
According to IRS 990 filings, Companion Animal Placement Inc allocates its expenses as follows: admin: 34%, programs: 66%, fundraising: 0%. Approximately 66% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees, as per their Form 990-EZ filings.
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 Companion Animal Placement Inc's IRS 990 filings:
- Consistent negative net income: The organization has reported expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2020, 2015, 2013), indicating financial instability.
- Extremely low program spending: In 2023, only $66 was reported for program service accomplishments, which is a negligible amount compared to total expenses of $305,859.
- Declining revenue trend: Revenue has generally decreased from $435,192 in 2014 to $300,000 in 2023.
- Significant administrative overhead relative to program spending: With only $66 in program spending, the remaining expenses are largely administrative, raising questions about operational efficiency.
Strengths
The following positive indicators were identified for Companion Animal Placement Inc:
- Consistent reporting of $0 executive compensation, indicating a volunteer-driven leadership structure.
- Long operational history with filings dating back to 2013.
Frequently Asked Questions about Companion Animal Placement Inc
Is Companion Animal Placement Inc a legitimate charity?
Companion Animal Placement Inc (EIN: 223084903) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $302K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Companion Animal Placement Inc spend its money?
Companion Animal Placement Inc directs 66% of its spending to programs and services. This meets the 65% industry benchmark.
Are donations to Companion Animal Placement Inc tax-deductible?
Companion Animal Placement Inc is registered as a tax-exempt nonprofit (EIN: 223084903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Companion Animal Placement Inc CEO make?
Companion Animal Placement Inc's highest-compensated officer earns $0 annually. The organization reported $302K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Companion Animal Placement Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Companion Animal Placement Inc is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Companion Animal Placement Inc located?
Companion Animal Placement Inc is headquartered in Weehawken, New Jersey and files with the IRS under EIN 223084903. It is classified under NTEE code D200.
How many years of IRS 990 filings does Companion Animal Placement Inc have?
Companion Animal Placement Inc has 10 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 $302K in total revenue.
What does Companion Animal Placement Inc do?
Companion Animal Placement Inc is a nonprofit organization in the Animal-Related sector, located in Weehawken, New Jersey. It is classified under NTEE code D200.
How much revenue does Companion Animal Placement Inc have?
Companion Animal Placement Inc reported total revenue of $302,000. Based on 10 IRS 990 filings on record.
What are Companion Animal Placement Inc's total assets?
Companion Animal Placement Inc holds total assets of $37,777 as reported in IRS 990 filings.
Where is Companion Animal Placement Inc located?
Companion Animal Placement Inc is based in Weehawken, New Jersey.
What is Companion Animal Placement Inc's EIN?
Companion Animal Placement Inc's Employer Identification Number (EIN) is 223084903. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Companion Animal Placement Inc?
Companion Animal Placement Inc is classified under NTEE code D200 (Animal-Related).
Is Companion Animal Placement Inc a registered 501(c)(3)?
Yes, Companion Animal Placement Inc is recognized as a tax-exempt organization by the IRS. EIN: 223084903.
Does Companion Animal Placement Inc file IRS Form 990?
Yes, Companion Animal Placement Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Companion Animal Placement Inc's revenue in 2023?
In the 202312 filing period, Companion Animal Placement Inc reported total revenue of $300,000, total expenses of $305,859, and net assets of $37,538.
Is Companion Animal Placement Inc's revenue growing or declining?
Companion Animal Placement Inc's revenue is growing. Revenue went from $275,000 (202212) to $300,000 (202312), a +9.1% change. Based on 10 filings on record.
What is Companion Animal Placement Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Companion Animal Placement Inc covers tax period 202312. It shows revenue of $300,000, expenses of $305,859, total assets of $37,538, and liabilities of $66.
How much does Companion Animal Placement Inc spend on programs vs administration?
Based on IRS 990 analysis, Companion Animal Placement Inc allocates approximately 66% of expenses to program services, 34% to administrative costs, and 0% to fundraising. Program spending is moderate relative to overhead.
Is Companion Animal Placement Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Companion Animal Placement Inc shows mixed signals. Mission Score: 60/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Companion Animal Placement Inc?
The following concerns were identified: Consistent negative net income: The organization has reported expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2020, 2015, 2013), indicating financial instability.. Extremely low program spending: In 2023, only $66 was reported for program service accomplishments, which is a negligible amount compared to total expenses of $305,859.. Declining revenue trend: Revenue has generally decreased from $435,192 in 2014 to $300,000 in 2023.. Significant administrative overhead relative to program spending: With only $66 in program spending, the remaining expenses are largely administrative, raising questions about operational efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Companion Animal Placement Inc's strengths?
Positive indicators for Companion Animal Placement Inc include: Consistent reporting of $0 executive compensation, indicating a volunteer-driven leadership structure.. Long operational history with filings dating back to 2013.. These findings are derived from AI analysis of the organization's financial filings.
How does Companion Animal Placement Inc compensate executives?
The organization consistently reports $0 in compensation for all officers, directors, trustees, and key employees, as per their Form 990-EZ filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Companion Animal Placement Inc?
- The organization's 2023 Form 990-EZ reports total revenue of $300,000 and total expenses of $305,859, resulting in a net loss for the year. - The 2023 filing indicates $66 spent on program service accomplishments, representing a very small portion of total expenses. - The organization consistently reports 0% compensation for officers, directors, trustees, and key employees across all available filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported $66 in program service accomplishments in 2023 against $305,859 in total expenses, what specific activities constitute the 'programs' and how are the remaining funds being utilized?
The filings do not provide a detailed breakdown of the $66 program service accomplishments. The vast majority of expenses, beyond this minimal program spending, would be allocated to administrative costs, though specific line items are not detailed in the provided data.
With a consistent pattern of expenses exceeding revenue and declining assets (e.g., $97,397 in 2019 to $37,538 in 2023), what is the long-term financial sustainability plan for Companion Animal Placement Inc?
The provided data does not include a financial sustainability plan. The trend of negative net income and decreasing assets suggests a need for a strategic financial review to ensure the organization's continued operation.
Filing History
IRS 990 filing history for Companion Animal Placement Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Companion Animal Placement Inc's revenue has declined by 4.6%, moving from $314K to $300K. Total assets increased by 269.7% over the same period, from $10K to $38K. Total functional expenses fell by 2.4%, from $313K to $306K. In its most recent filing year (2023), Companion Animal Placement Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $66 in liabilities against $38K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $37K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $306K | $38K | $66 | — | — |
| 2022 | $275K | $298K | $17K | $1 | — | View 990 |
| 2021 | $282K | $276K | $41K | $1 | — | View 990 |
| 2020 | $302K | $364K | $35K | $1 | — | View 990 |
| 2019 | $375K | $351K | $97K | $1 | — | — |
| 2015 | $348K | $434K | $21K | $1 | — | View 990 |
| 2014 | $435K | $412K | $107K | $0 | — | View 990 |
| 2013 | $227K | $425K | $84K | $0 | — | View 990 |
| 2012 | $680K | $409K | $282K | $0 | — | View 990 |
| 2011 | $314K | $313K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $306K, and assets of $38K (revenue +9.1% year-over-year).
- 2022: Revenue of $275K, expenses of $298K, and assets of $17K (revenue -2.3% year-over-year).
- 2021: Revenue of $282K, expenses of $276K, and assets of $41K (revenue -6.8% year-over-year).
- 2020: Revenue of $302K, expenses of $364K, and assets of $35K (revenue -19.5% year-over-year).
- 2019: Revenue of $375K, expenses of $351K, and assets of $97K (revenue +7.9% year-over-year).
- 2015: Revenue of $348K, expenses of $434K, and assets of $21K (revenue -20.1% year-over-year).
- 2014: Revenue of $435K, expenses of $412K, and assets of $107K (revenue +91.7% year-over-year).
- 2013: Revenue of $227K, expenses of $425K, and assets of $84K (revenue -66.6% year-over-year).
- 2012: Revenue of $680K, expenses of $409K, and assets of $282K (revenue +116.3% year-over-year).
- 2011: Revenue of $314K, expenses of $313K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Companion Animal Placement Inc:
Data Sources and Methodology
This transparency report for Companion Animal Placement Inc 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.