Friends For Life Cat Rescue Inc
Friends For Life Cat Rescue Inc shows consistent revenue growth and strong asset accumulation with no executive compensation.
EIN: 208218616 · Frederick, MD · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $73K |
| Program Spending | 90% |
| Net Assets | $26K |
| Transparency Score | 92/100 |
Is Friends For Life Cat Rescue Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends For Life Cat Rescue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends For Life Cat Rescue Inc
Friends For Life Cat Rescue Inc (EIN: 208218616) is a nonprofit organization based in Frederick, MD, classified under NTEE code D20. The organization reported total revenue of $152K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends For Life Cat Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends For Life Cat Rescue Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $73K |
| Surplus / Deficit | +$6K |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | 7.4% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Friends For Life Cat Rescue Inc reported a surplus of $6K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Friends For Life Cat Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +22.7% | +29.5% |
| 2022 | +14.7% | +0.7% | +198.1% |
| 2021 | +20.7% | +14.0% | +182.5% |
| 2020 | -5.1% | -5.4% | +41.9% |
| 2019 | +1.9% | -0.7% | +57.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1400 |
| IRS Ruling Date | 2009 |
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 Friends For Life Cat Rescue Inc with a Mission Score of 92 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, Friends For Life Cat Rescue 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Friends For Life Cat Rescue Inc reports 0% officer compensation across all available filings, indicating a volunteer-led organization where no executive salaries are paid, which is highly efficient for a nonprofit of its size.
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 Friends For Life Cat Rescue Inc:
- Consistent revenue growth, from $55,364 in 2019 to $78,873 in 2023.
- Significant asset growth, from $1,662 in 2019 to $25,728 in 2023.
- Zero liabilities reported across all filings, indicating strong financial stability.
- 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Friends For Life Cat Rescue Inc
Is Friends For Life Cat Rescue Inc a legitimate charity?
Friends For Life Cat Rescue Inc (EIN: 208218616) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $152K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends For Life Cat Rescue Inc spend its money?
Friends For Life Cat Rescue Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Friends For Life Cat Rescue Inc tax-deductible?
Friends For Life Cat Rescue Inc is registered as a tax-exempt nonprofit (EIN: 208218616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends For Life Cat Rescue Inc's spending goes to programs?
Friends For Life Cat Rescue Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends For Life Cat Rescue Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends For Life Cat Rescue Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends For Life Cat Rescue Inc located?
Friends For Life Cat Rescue Inc is headquartered in Frederick, Maryland and files with the IRS under EIN 208218616. It is classified under NTEE code D20.
How many years of IRS 990 filings does Friends For Life Cat Rescue Inc have?
Friends For Life Cat Rescue Inc has 13 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 $152K in total revenue.
Is Friends For Life Cat Rescue Inc a good charity?
Based on the provided financial data, Friends For Life Cat Rescue Inc appears to be a very good charity. They demonstrate consistent revenue growth, prudent financial management with growing assets and no liabilities, and a strong commitment to their mission by not paying any officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $55,364 in 2019 to $78,873 in 2023, and assets have increased substantially from $1,662 in 2019 to $25,728 in 2023, indicating strong financial growth and stability.
Does Friends For Life Cat Rescue Inc have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating they operate debt-free.
Filing History
IRS 990 filing history for Friends For Life Cat Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends For Life Cat Rescue Inc's revenue has grown by 248.2%, moving from $23K to $79K. Total assets increased by 1913.1% over the same period, from $1K to $26K. Total functional expenses rose by 230.5%, from $22K to $73K. In its most recent filing year (2023), Friends For Life Cat Rescue Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $73K | $26K | $0 | — | View 990 |
| 2022 | $73K | $59K | $20K | $0 | — | View 990 |
| 2021 | $63K | $59K | $7K | $0 | — | — |
| 2020 | $53K | $52K | $2K | $0 | — | View 990 |
| 2019 | $55K | $55K | $2K | $0 | — | View 990 |
| 2018 | $54K | $55K | $1K | $0 | — | View 990 |
| 2017 | $44K | $46K | $2K | $0 | — | View 990 |
| 2016 | $47K | $46K | $3K | $0 | — | View 990 |
| 2015 | $61K | $64K | $2K | $0 | — | View 990 |
| 2014 | $39K | $35K | $5K | $0 | — | View 990 |
| 2013 | $34K | $33K | $636 | $0 | — | View 990 |
| 2012 | $32K | $33K | $74 | $0 | — | View 990 |
| 2011 | $23K | $22K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $73K, and assets of $26K (revenue +8.5% year-over-year).
- 2022: Revenue of $73K, expenses of $59K, and assets of $20K (revenue +14.7% year-over-year).
- 2021: Revenue of $63K, expenses of $59K, and assets of $7K (revenue +20.7% year-over-year).
- 2020: Revenue of $53K, expenses of $52K, and assets of $2K (revenue -5.1% year-over-year).
- 2019: Revenue of $55K, expenses of $55K, and assets of $2K (revenue +1.9% year-over-year).
- 2018: Revenue of $54K, expenses of $55K, and assets of $1K (revenue +23.3% year-over-year).
- 2017: Revenue of $44K, expenses of $46K, and assets of $2K (revenue -5.9% year-over-year).
- 2016: Revenue of $47K, expenses of $46K, and assets of $3K (revenue -23.8% year-over-year).
- 2015: Revenue of $61K, expenses of $64K, and assets of $2K (revenue +56.9% year-over-year).
- 2014: Revenue of $39K, expenses of $35K, and assets of $5K (revenue +15.3% year-over-year).
- 2013: Revenue of $34K, expenses of $33K, and assets of $636 (revenue +6.1% year-over-year).
- 2012: Revenue of $32K, expenses of $33K, and assets of $74 (revenue +41.3% year-over-year).
- 2011: Revenue of $23K, expenses of $22K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends For Life Cat Rescue Inc:
Data Sources and Methodology
This transparency report for Friends For Life Cat Rescue 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.