Leftover Pets Inc
Leftover Pets Inc frequently operates at a deficit, with 2023 expenses exceeding revenue by over $23,000 and liabilities surpassing assets.
EIN: 203077286 · Winder, GA · NTEE: D40 · Updated: 2026-03-28
Is Leftover Pets Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leftover Pets Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leftover Pets Inc
Leftover Pets Inc (EIN: 203077286) is a nonprofit organization based in Winder, GA, classified under NTEE code D40. The organization reported total revenue of $165K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leftover Pets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leftover Pets Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $195K |
| Surplus / Deficit | $-23,661 |
| Total Assets | $54K |
| Total Liabilities | $62K |
| Net Assets | $-8,100 |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 115.0% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Leftover Pets Inc reported a deficit of $24K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 115.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leftover Pets Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.5% | +84.6% | +73.8% |
| 2022 | -25.4% | -38.7% | +21.8% |
| 2021 | +23.5% | +13.5% | -31.8% |
| 2020 | -14.8% | -14.2% | +144.2% |
| 2019 | -2.7% | +6.8% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Leftover Pets Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Leftover Pets 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization that directs all funds towards its mission rather than executive salaries, which is highly commendable for an organization 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.
Red Flags
The following concerns were identified during AI analysis of Leftover Pets Inc's IRS 990 filings:
- Frequent operating deficits, with expenses often exceeding revenue (e.g., $195,017 expenses vs. $171,356 revenue in 2023).
- Liabilities exceeding assets in the most recent filing ($62,170 liabilities vs. $54,070 assets in 2023), indicating negative net assets.
- Lack of significant financial reserves, as indicated by modest asset levels relative to annual expenses.
Strengths
The following positive indicators were identified for Leftover Pets Inc:
- Consistent 0% officer compensation, demonstrating a volunteer-led model and efficient use of funds for mission.
- Stable revenue generation over the past decade, averaging around $160,000 annually.
- Long filing history (13 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Leftover Pets Inc
Is Leftover Pets Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leftover Pets Inc (EIN: 203077286) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Leftover Pets Inc spend its money?
Leftover Pets Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leftover Pets Inc tax-deductible?
Leftover Pets Inc is registered as a tax-exempt nonprofit (EIN: 203077286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Leftover Pets Inc financially stable?
Leftover Pets Inc shows signs of financial instability, with expenses frequently exceeding revenue (e.g., $195,017 expenses vs. $171,356 revenue in 2023) and liabilities ($62,170 in 2023) surpassing assets ($54,070 in 2023). This pattern suggests a need for improved financial management to ensure long-term sustainability.
How does Leftover Pets Inc manage its leadership costs?
Leftover Pets Inc manages its leadership costs exceptionally well, reporting 0% officer compensation in all available filings. This indicates a volunteer-driven leadership structure, ensuring donor funds are not used for executive salaries.
What is the trend in Leftover Pets Inc's revenue?
Leftover Pets Inc's revenue has been relatively consistent over the past decade, generally fluctuating around $150,000 to $170,000 annually, with the latest reported revenue at $164,532.
Does Leftover Pets Inc have sufficient assets to cover its liabilities?
In 2023, Leftover Pets Inc's liabilities ($62,170) exceeded its assets ($54,070), indicating that the organization did not have sufficient assets to cover its liabilities at that time. This is a financial concern.
Filing History
IRS 990 filing history for Leftover Pets Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leftover Pets Inc's revenue has grown by 6.8%, moving from $160K to $171K. Total assets increased by 285.8% over the same period, from $14K to $54K. Total functional expenses rose by 23.1%, from $158K to $195K. In its most recent filing year (2023), Leftover Pets Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $62K in liabilities against $54K in assets (debt-to-asset ratio: 115.0%), resulting in net assets of $-8,100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $195K | $54K | $62K | — | — |
| 2022 | $130K | $106K | $31K | $9K | — | View 990 |
| 2021 | $175K | $172K | $26K | $28K | — | View 990 |
| 2020 | $142K | $152K | $37K | $43K | — | View 990 |
| 2019 | $166K | $177K | $15K | $10K | — | View 990 |
| 2018 | $171K | $166K | $17K | $1K | — | View 990 |
| 2017 | $151K | $165K | $14K | $3K | — | View 990 |
| 2016 | $168K | $158K | $28K | $3K | — | View 990 |
| 2015 | $155K | $156K | $15K | $0 | — | View 990 |
| 2014 | $166K | $163K | $15K | $0 | — | View 990 |
| 2013 | $149K | $155K | $13K | $0 | — | View 990 |
| 2012 | $167K | $163K | $19K | $0 | — | View 990 |
| 2011 | $160K | $158K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $195K, and assets of $54K (revenue +31.5% year-over-year).
- 2022: Revenue of $130K, expenses of $106K, and assets of $31K (revenue -25.4% year-over-year).
- 2021: Revenue of $175K, expenses of $172K, and assets of $26K (revenue +23.5% year-over-year).
- 2020: Revenue of $142K, expenses of $152K, and assets of $37K (revenue -14.8% year-over-year).
- 2019: Revenue of $166K, expenses of $177K, and assets of $15K (revenue -2.7% year-over-year).
- 2018: Revenue of $171K, expenses of $166K, and assets of $17K (revenue +13.1% year-over-year).
- 2017: Revenue of $151K, expenses of $165K, and assets of $14K (revenue -10.0% year-over-year).
- 2016: Revenue of $168K, expenses of $158K, and assets of $28K (revenue +8.2% year-over-year).
- 2015: Revenue of $155K, expenses of $156K, and assets of $15K (revenue -6.3% year-over-year).
- 2014: Revenue of $166K, expenses of $163K, and assets of $15K (revenue +11.1% year-over-year).
- 2013: Revenue of $149K, expenses of $155K, and assets of $13K (revenue -11.0% year-over-year).
- 2012: Revenue of $167K, expenses of $163K, and assets of $19K (revenue +4.4% year-over-year).
- 2011: Revenue of $160K, expenses of $158K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leftover Pets Inc:
Data Sources and Methodology
This transparency report for Leftover Pets 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.