Madison Cat Project Inc
EIN: 510534813 · Madison, WI · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $775K |
| Total Expenses | $683K |
| Net Assets | $710K |
Is Madison Cat Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Cat Project Inc
Madison Cat Project Inc (EIN: 510534813) is a nonprofit organization based in Madison, WI, classified under NTEE code D20. The organization reported total revenue of $775K and total assets of $957K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Cat Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Cat Project Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $661K |
| Total Expenses | $683K |
| Surplus / Deficit | $-21,637 |
| Total Assets | $1.1M |
| Total Liabilities | $374K |
| Net Assets | $710K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 34.5% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2023, Madison Cat Project Inc reported a deficit of $22K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 34.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Madison Cat Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | +4.0% | -2.0% |
| 2022 | +15.4% | +28.9% | +1.1% |
| 2021 | +48.3% | +21.7% | +46.2% |
| 2020 | +12.3% | +6.9% | +91.8% |
| 2019 | +11.3% | +22.1% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1240 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Cat Project Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Madison Cat Project Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.5%.
Frequently Asked Questions about Madison Cat Project Inc
Is Madison Cat Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Cat Project Inc (EIN: 510534813) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madison Cat Project Inc spend its money?
Detailed spending breakdown data is not yet available for Madison Cat Project Inc. Check back for updated IRS 990 analysis.
Are donations to Madison Cat Project Inc tax-deductible?
Madison Cat Project Inc is registered as a tax-exempt nonprofit (EIN: 510534813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison Cat Project Inc located?
Madison Cat Project Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 510534813. It is classified under NTEE code D20.
How many years of IRS 990 filings does Madison Cat Project Inc have?
Madison Cat Project 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 $775K in total revenue.
Filing History
IRS 990 filing history for Madison Cat Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison Cat Project Inc's revenue has grown by 440.7%, moving from $122K to $661K. Total assets increased by 646.1% over the same period, from $145K to $1.1M. Total functional expenses rose by 347%, from $153K to $683K. In its most recent filing year (2023), Madison Cat Project Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $374K in liabilities against $1.1M in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $710K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $661K | $683K | $1.1M | $374K | — | — |
| 2022 | $789K | $656K | $1.1M | $380K | — | View 990 |
| 2021 | $684K | $509K | $1.1M | $469K | — | View 990 |
| 2020 | $461K | $418K | $749K | $314K | — | — |
| 2019 | $411K | $391K | $391K | $13K | — | View 990 |
| 2018 | $369K | $320K | $347K | $5K | — | View 990 |
| 2017 | $355K | $291K | $311K | $11K | — | View 990 |
| 2016 | $218K | $257K | $232K | $1K | — | View 990 |
| 2015 | $256K | $258K | $275K | $6K | — | View 990 |
| 2014 | $204K | $180K | $275K | $4K | — | View 990 |
| 2013 | $290K | $181K | $255K | $7K | — | View 990 |
| 2012 | $164K | $161K | $129K | $22K | — | View 990 |
| 2011 | $122K | $153K | $145K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $661K, expenses of $683K, and assets of $1.1M (revenue -16.3% year-over-year).
- 2022: Revenue of $789K, expenses of $656K, and assets of $1.1M (revenue +15.4% year-over-year).
- 2021: Revenue of $684K, expenses of $509K, and assets of $1.1M (revenue +48.3% year-over-year).
- 2020: Revenue of $461K, expenses of $418K, and assets of $749K (revenue +12.3% year-over-year).
- 2019: Revenue of $411K, expenses of $391K, and assets of $391K (revenue +11.3% year-over-year).
- 2018: Revenue of $369K, expenses of $320K, and assets of $347K (revenue +3.9% year-over-year).
- 2017: Revenue of $355K, expenses of $291K, and assets of $311K (revenue +63.2% year-over-year).
- 2016: Revenue of $218K, expenses of $257K, and assets of $232K (revenue -14.9% year-over-year).
- 2015: Revenue of $256K, expenses of $258K, and assets of $275K (revenue +25.4% year-over-year).
- 2014: Revenue of $204K, expenses of $180K, and assets of $275K (revenue -29.6% year-over-year).
- 2013: Revenue of $290K, expenses of $181K, and assets of $255K (revenue +76.4% year-over-year).
- 2012: Revenue of $164K, expenses of $161K, and assets of $129K (revenue +34.2% year-over-year).
- 2011: Revenue of $122K, expenses of $153K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Cat Project Inc:
Data Sources and Methodology
This transparency report for Madison Cat Project 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.