Forgotten Cats Inc
Forgotten Cats Inc shows consistent revenue and asset growth with zero reported officer compensation over a decade.
EIN: 200691180 · Greenville, DE · NTEE: D20 · Updated: 2026-03-28
Is Forgotten Cats Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forgotten Cats Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forgotten Cats Inc
Forgotten Cats Inc (EIN: 200691180) is a nonprofit organization based in Greenville, DE, classified under NTEE code D20. The organization reported total revenue of $2.3M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forgotten Cats Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forgotten Cats Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$894K |
| Total Assets | $3.3M |
| Total Liabilities | $43K |
| Net Assets | $3.3M |
| Operating Margin | 35.3% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2023, Forgotten Cats Inc reported a surplus of $894K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Forgotten Cats Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | +16.9% | +35.3% |
| 2022 | +18.2% | +12.2% | +24.8% |
| 2021 | +13.2% | +1.8% | +21.3% |
| 2020 | +14.8% | +23.3% | +11.3% |
| 2019 | +10.6% | +1.6% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Forgotten Cats Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Forgotten Cats Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $894K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or receives compensation below the reporting threshold for officers, which is highly unusual and commendable for an organization of its size with over $2.5 million in annual 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.
Strengths
The following positive indicators were identified for Forgotten Cats Inc:
- Consistent and significant revenue growth, from $699,486 in 2014 to $2,532,572 in 2023.
- Strong asset growth, increasing from $558,069 in 2014 to $3,341,762 in 2023.
- Zero reported officer compensation across all 14 filings, indicating high efficiency and dedication.
- Low liabilities relative to assets, demonstrating sound financial management (e.g., $42,583 liabilities vs. $3,341,762 assets in 2023).
- Consistent surplus of revenue over expenses, contributing to asset growth (e.g., $2,532,572 revenue vs. $1,638,781 expenses in 2023).
Frequently Asked Questions about Forgotten Cats Inc
Is Forgotten Cats Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forgotten Cats Inc (EIN: 200691180) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Forgotten Cats Inc spend its money?
Forgotten Cats Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forgotten Cats Inc tax-deductible?
Forgotten Cats Inc is registered as a tax-exempt nonprofit (EIN: 200691180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Forgotten Cats Inc a good charity?
Based on its financial data, Forgotten Cats Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a high commitment to program spending, with no reported officer compensation.
How has Forgotten Cats Inc's revenue grown over time?
Forgotten Cats Inc has experienced significant revenue growth, increasing from $699,486 in 2014 to $2,532,572 in 2023, indicating a substantial expansion of its operations and support.
What is Forgotten Cats Inc's asset growth like?
The organization's assets have grown steadily from $558,069 in 2014 to $3,341,762 in 2023, reflecting a healthy accumulation of resources to support its mission.
Does Forgotten Cats Inc pay its officers?
According to all available IRS 990 filings, Forgotten Cats Inc has consistently reported 0% officer compensation, suggesting a volunteer-led executive team or compensation levels below reporting thresholds.
Filing History
IRS 990 filing history for Forgotten Cats Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Forgotten Cats Inc's revenue has grown by 257.9%, moving from $708K to $2.5M. Total assets increased by 605.7% over the same period, from $474K to $3.3M. Total functional expenses rose by 165.1%, from $618K to $1.6M. In its most recent filing year (2023), Forgotten Cats Inc reported a surplus of $894K, with revenue exceeding expenses. The organization holds $43K in liabilities against $3.3M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.6M | $3.3M | $43K | — | — |
| 2022 | $1.9M | $1.4M | $2.5M | $72K | — | View 990 |
| 2021 | $1.6M | $1.2M | $2.0M | $49K | — | View 990 |
| 2020 | $1.4M | $1.2M | $1.6M | $35K | — | View 990 |
| 2019 | $1.2M | $996K | $1.5M | $39K | — | View 990 |
| 2018 | $1.1M | $980K | $1.2M | $21K | — | View 990 |
| 2017 | $950K | $774K | $1.1M | $25K | — | View 990 |
| 2016 | $726K | $577K | $916K | $9K | — | View 990 |
| 2015 | $888K | $606K | $767K | $8K | — | View 990 |
| 2014 | $699K | $699K | $558K | $81K | — | View 990 |
| 2013 | $783K | $666K | $568K | $92K | — | View 990 |
| 2012 | $654K | $665K | $459K | $100K | — | View 990 |
| 2011 | $686K | $662K | $479K | $109K | — | View 990 |
| 2010 | $708K | $618K | $474K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.6M, and assets of $3.3M (revenue +35.4% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.4M, and assets of $2.5M (revenue +18.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $2.0M (revenue +13.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $1.6M (revenue +14.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $996K, and assets of $1.5M (revenue +10.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $980K, and assets of $1.2M (revenue +15.9% year-over-year).
- 2017: Revenue of $950K, expenses of $774K, and assets of $1.1M (revenue +30.9% year-over-year).
- 2016: Revenue of $726K, expenses of $577K, and assets of $916K (revenue -18.2% year-over-year).
- 2015: Revenue of $888K, expenses of $606K, and assets of $767K (revenue +26.9% year-over-year).
- 2014: Revenue of $699K, expenses of $699K, and assets of $558K (revenue -10.7% year-over-year).
- 2013: Revenue of $783K, expenses of $666K, and assets of $568K (revenue +19.8% year-over-year).
- 2012: Revenue of $654K, expenses of $665K, and assets of $459K (revenue -4.7% year-over-year).
- 2011: Revenue of $686K, expenses of $662K, and assets of $479K (revenue -3.1% year-over-year).
- 2010: Revenue of $708K, expenses of $618K, and assets of $474K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forgotten Cats Inc:
Data Sources and Methodology
This transparency report for Forgotten Cats 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.