Furkids Inc
Furkids Inc. shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10766844 · Cumming, GA · NTEE: D20 · Updated: 2026-03-27
Is Furkids Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Furkids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Furkids Inc
Furkids Inc (EIN: 10766844) is a nonprofit organization based in Cumming, GA, classified under NTEE code D20. The organization reported total revenue of $10.3M and total assets of $14.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Furkids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Furkids Inc is a large nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $7.9M |
| Total Liabilities | $1.4M |
| Net Assets | $6.5M |
| Operating Margin | 33.5% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 24.8 months |
Financial Health Grade: A
In 2022, Furkids Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Furkids Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +35.6% | +37.8% | +58.0% |
| 2021 | +30.3% | +14.2% | +18.0% |
| 2020 | +1.5% | -6.1% | +40.9% |
| 2019 | -2.1% | +5.2% | +22.8% |
| 2018 | +66.2% | +24.9% | +161.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Furkids Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Furkids Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that key officers may be volunteers or their compensation is reported under other expense categories, which could impact the full transparency of leadership costs.
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 Furkids Inc's IRS 990 filings:
- Lack of clarity on executive compensation reporting (0% reported across all filings, which is unusual for an organization of this size and growth).
Strengths
The following positive indicators were identified for Furkids Inc:
- Consistent and significant revenue growth over the past decade (from $1,011,614 in 2013 to $5,712,911 in 2022).
- Strong asset accumulation, indicating financial stability and capacity (assets grew from $943,455 in 2013 to $7,858,712 in 2022).
- Expenses consistently lower than revenue in recent years, demonstrating efficient financial management.
- High program spending ratio, indicating a strong focus on mission-related activities.
- Healthy balance sheet with assets significantly exceeding liabilities (e.g., 2022 assets $7,858,712 vs. liabilities $1,385,582).
Frequently Asked Questions about Furkids Inc
Is Furkids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Furkids Inc (EIN: 10766844) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Furkids Inc spend its money?
Furkids Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Furkids Inc tax-deductible?
Furkids Inc is registered as a tax-exempt nonprofit (EIN: 10766844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Furkids Inc. a good charity?
Based on the provided financial data, Furkids Inc. appears to be a well-managed and growing charity. It demonstrates strong revenue growth, healthy asset accumulation, and efficient spending with expenses consistently below revenue. The high program spending ratio and lack of reported officer compensation are positive indicators.
How has Furkids Inc.'s financial health changed over time?
Furkids Inc. has experienced significant financial growth over the past decade. Revenue increased from $1,011,614 in 2013 to $5,712,911 in 2022, and assets grew from $943,455 to $7,858,712 in the same period, indicating robust expansion and financial stability.
What is the organization's spending efficiency?
The organization demonstrates strong spending efficiency, with expenses consistently lower than revenue in recent years (e.g., 2022 revenue of $5,712,911 vs. expenses of $3,797,999). This allows for asset growth and indicates effective resource management.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that executive salaries are categorized differently within the IRS 990, which would require a deeper dive into the full filing for clarification.
Filing History
IRS 990 filing history for Furkids Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Furkids Inc's revenue has grown by 959.3%, moving from $539K to $5.7M. Total assets increased by 3163.1% over the same period, from $241K to $7.9M. Total functional expenses rose by 725.6%, from $460K to $3.8M. In its most recent filing year (2022), Furkids Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $7.9M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.7M | $3.8M | $7.9M | $1.4M | — | View 990 |
| 2021 | $4.2M | $2.8M | $5.0M | $415K | — | View 990 |
| 2020 | $3.2M | $2.4M | $4.2M | $1.3M | — | View 990 |
| 2019 | $3.2M | $2.6M | $3.0M | $842K | — | View 990 |
| 2018 | $3.3M | $2.4M | $2.4M | $919K | — | View 990 |
| 2017 | $2.0M | $2.0M | $933K | $226K | — | View 990 |
| 2016 | $1.8M | $1.8M | $936K | $234K | — | View 990 |
| 2015 | $1.6M | $1.7M | $927K | $233K | — | View 990 |
| 2014 | $1.5M | $1.4M | $1.1M | $238K | — | View 990 |
| 2013 | $1.0M | $842K | $943K | $236K | — | View 990 |
| 2012 | $928K | $631K | $541K | $3K | — | View 990 |
| 2011 | $539K | $460K | $241K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.7M, expenses of $3.8M, and assets of $7.9M (revenue +35.6% year-over-year).
- 2021: Revenue of $4.2M, expenses of $2.8M, and assets of $5.0M (revenue +30.3% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.4M, and assets of $4.2M (revenue +1.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.6M, and assets of $3.0M (revenue -2.1% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.4M, and assets of $2.4M (revenue +66.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $933K (revenue +11.5% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $936K (revenue +11.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $927K (revenue +4.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $1.1M (revenue +49.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $842K, and assets of $943K (revenue +9.0% year-over-year).
- 2012: Revenue of $928K, expenses of $631K, and assets of $541K (revenue +72.1% year-over-year).
- 2011: Revenue of $539K, expenses of $460K, and assets of $241K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Furkids Inc:
Data Sources and Methodology
This transparency report for Furkids 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.