Golden Huggs Rescue Inc
Golden Huggs Rescue Inc shows consistent growth and strong financial health with zero officer compensation.
EIN: 20795513 · Waitsfield, VT · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $179K |
| Program Spending | 90% |
| Net Assets | $45K |
| Transparency Score | 92/100 |
Is Golden Huggs Rescue Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Golden Huggs Rescue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golden Huggs Rescue Inc
Golden Huggs Rescue Inc (EIN: 20795513) is a nonprofit organization based in Waitsfield, VT, classified under NTEE code D20. The organization reported total revenue of $167K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Huggs Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Huggs Rescue Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $179K |
| Surplus / Deficit | $-3,815 |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | -2.2% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Golden Huggs Rescue Inc reported a deficit of $4K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Golden Huggs Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +0.4% | -7.7% |
| 2022 | +25.8% | +34.0% | +13.8% |
| 2021 | +25.6% | +45.2% | +45.2% |
| 2020 | +22.3% | +1.0% | +524.9% |
| 2019 | +9.9% | +8.9% | +2579.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Golden Huggs 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Golden Huggs Rescue Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating a volunteer-led organization or one where leadership compensation is covered by other means, which is highly efficient for a nonprofit of this 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 Golden Huggs Rescue Inc:
- Consistent revenue growth from $50,183 in 2014 to $175,361 in 2023.
- Zero officer compensation across all reported periods, indicating high efficiency.
- No reported liabilities from 2017-2023, signifying a strong balance sheet.
- Steady increase in assets, from $178 in 2018 to $45,449 in 2023.
- Long history of IRS 990 filings (13 filings), demonstrating transparency.
Frequently Asked Questions about Golden Huggs Rescue Inc
Is Golden Huggs Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Huggs Rescue Inc (EIN: 20795513) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Golden Huggs Rescue Inc spend its money?
Golden Huggs Rescue Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Golden Huggs Rescue Inc tax-deductible?
Golden Huggs Rescue Inc is registered as a tax-exempt nonprofit (EIN: 20795513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Golden Huggs Rescue Inc's spending goes to programs?
Golden Huggs Rescue Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Golden Huggs Rescue Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Golden Huggs 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 Golden Huggs Rescue Inc located?
Golden Huggs Rescue Inc is headquartered in Waitsfield, Vermont and files with the IRS under EIN 20795513. It is classified under NTEE code D20.
How many years of IRS 990 filings does Golden Huggs Rescue Inc have?
Golden Huggs 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 $167K in total revenue.
Is Golden Huggs Rescue Inc a good charity?
Based on the provided financial data, Golden Huggs Rescue Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains a healthy balance sheet with no liabilities in recent years, and operates with 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Golden Huggs Rescue Inc's revenue changed over time?
Golden Huggs Rescue Inc has shown significant revenue growth, increasing from $50,183 in 2014 to $175,361 in 2023, indicating growing support for its activities.
Does Golden Huggs Rescue Inc have any debt?
No, Golden Huggs Rescue Inc has reported $0 in liabilities for the periods 2017 through 2023, indicating a very healthy financial position free of debt.
What is the trend in Golden Huggs Rescue Inc's assets?
The organization's assets have grown substantially, from $178 in 2018 to $45,449 in 2023, demonstrating a positive trend in accumulating resources.
Filing History
IRS 990 filing history for Golden Huggs Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Golden Huggs Rescue Inc's revenue has grown by 73.3%, moving from $101K to $175K. Total assets increased by 3294.2% over the same period, from $1K to $45K. Total functional expenses rose by 71.8%, from $104K to $179K. In its most recent filing year (2023), Golden Huggs Rescue Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $179K | $45K | $0 | — | View 990 |
| 2022 | $184K | $178K | $49K | $0 | — | View 990 |
| 2021 | $147K | $133K | $43K | $0 | — | View 990 |
| 2020 | $117K | $92K | $30K | $0 | — | View 990 |
| 2019 | $95K | $91K | $5K | $0 | — | View 990 |
| 2018 | $87K | $83K | $178 | $0 | — | View 990 |
| 2017 | $82K | $85K | $214 | $0 | — | View 990 |
| 2016 | $62K | $58K | $4K | $0 | — | View 990 |
| 2015 | $62K | $65K | $78 | $709 | — | View 990 |
| 2014 | $50K | $47K | $2K | $20 | — | View 990 |
| 2013 | $55K | $56K | $162 | $1K | — | View 990 |
| 2012 | $83K | $81K | $2K | $2K | — | View 990 |
| 2011 | $101K | $104K | $1K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $179K, and assets of $45K (revenue -4.9% year-over-year).
- 2022: Revenue of $184K, expenses of $178K, and assets of $49K (revenue +25.8% year-over-year).
- 2021: Revenue of $147K, expenses of $133K, and assets of $43K (revenue +25.6% year-over-year).
- 2020: Revenue of $117K, expenses of $92K, and assets of $30K (revenue +22.3% year-over-year).
- 2019: Revenue of $95K, expenses of $91K, and assets of $5K (revenue +9.9% year-over-year).
- 2018: Revenue of $87K, expenses of $83K, and assets of $178 (revenue +6.2% year-over-year).
- 2017: Revenue of $82K, expenses of $85K, and assets of $214 (revenue +31.2% year-over-year).
- 2016: Revenue of $62K, expenses of $58K, and assets of $4K (revenue -0.2% year-over-year).
- 2015: Revenue of $62K, expenses of $65K, and assets of $78 (revenue +24.5% year-over-year).
- 2014: Revenue of $50K, expenses of $47K, and assets of $2K (revenue -9.2% year-over-year).
- 2013: Revenue of $55K, expenses of $56K, and assets of $162 (revenue -33.1% year-over-year).
- 2012: Revenue of $83K, expenses of $81K, and assets of $2K (revenue -18.3% year-over-year).
- 2011: Revenue of $101K, expenses of $104K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Huggs Rescue Inc:
Data Sources and Methodology
This transparency report for Golden Huggs 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.