North Mecklenburg Animal Rescue Inc
North Mecklenburg Animal Rescue Inc maintains strong assets despite fluctuating revenue and no reported officer compensation.
EIN: 202212629 · Concord, NC · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $307K |
| Program Spending | 90% |
| Net Assets | $646K |
| Transparency Score | 88/100 |
Is North Mecklenburg Animal Rescue Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Mecklenburg Animal Rescue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Mecklenburg Animal Rescue Inc
North Mecklenburg Animal Rescue Inc (EIN: 202212629) is a nonprofit organization based in Concord, NC, classified under NTEE code D20. The organization reported total revenue of $1.0M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Mecklenburg Animal Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Mecklenburg Animal Rescue Inc is a mid-size 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 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $307K |
| Surplus / Deficit | $-56,108 |
| Total Assets | $652K |
| Total Liabilities | $6K |
| Net Assets | $646K |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 25.5 months |
Financial Health Grade: B
In 2023, North Mecklenburg Animal Rescue Inc reported a deficit of $56K with expenses exceeding revenue, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Mecklenburg Animal Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.0% | +8.5% | -7.9% |
| 2022 | -62.2% | -23.9% | +10.2% |
| 2021 | +317.3% | +65.8% | -0.7% |
| 2020 | -1.3% | +1.4% | +3.8% |
| 2019 | -12.4% | -13.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| 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 North Mecklenburg Animal Rescue Inc with a Mission Score of 88 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, North Mecklenburg Animal 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 deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly favorable for directing funds to its mission.
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 North Mecklenburg Animal Rescue Inc's IRS 990 filings:
- Significant revenue decline from $921,971 in 2021 to $251,047 in 2023
- Expenses ($307,155) exceeded revenue ($251,047) in 2023, indicating a deficit for the period
Strengths
The following positive indicators were identified for North Mecklenburg Animal Rescue Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency
- Healthy asset base of $652,139 in 2023, providing financial stability
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
- Liabilities are consistently low relative to assets, indicating good financial management (e.g., $6,450 liabilities vs. $652,139 assets in 2023)
Frequently Asked Questions about North Mecklenburg Animal Rescue Inc
Is North Mecklenburg Animal Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Mecklenburg Animal Rescue Inc (EIN: 202212629) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does North Mecklenburg Animal Rescue Inc spend its money?
North Mecklenburg Animal Rescue Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Mecklenburg Animal Rescue Inc tax-deductible?
North Mecklenburg Animal Rescue Inc is registered as a tax-exempt nonprofit (EIN: 202212629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Mecklenburg Animal Rescue Inc's spending goes to programs?
North Mecklenburg Animal Rescue Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Mecklenburg Animal Rescue Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), North Mecklenburg Animal 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 North Mecklenburg Animal Rescue Inc located?
North Mecklenburg Animal Rescue Inc is headquartered in Concord, North Carolina and files with the IRS under EIN 202212629. It is classified under NTEE code D20.
How many years of IRS 990 filings does North Mecklenburg Animal Rescue Inc have?
North Mecklenburg Animal 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 $1.0M in total revenue.
Is North Mecklenburg Animal Rescue Inc a good charity?
Based on the available financial data, North Mecklenburg Animal Rescue Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. While revenue has fluctuated, the organization maintains a healthy asset base relative to its expenses.
How has North Mecklenburg Animal Rescue Inc's revenue trended recently?
North Mecklenburg Animal Rescue Inc's revenue has seen significant fluctuation, peaking at $921,971 in 2021, then declining to $348,881 in 2022, and further to $251,047 in 2023.
Does North Mecklenburg Animal Rescue Inc have a strong financial reserve?
Yes, with assets of $652,139 in 2023 against expenses of $307,155, the organization appears to have a healthy financial reserve, capable of covering over two years of expenses at current levels.
Filing History
IRS 990 filing history for North Mecklenburg Animal Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Mecklenburg Animal Rescue Inc's revenue has grown by 171.1%, moving from $93K to $251K. Total assets increased by 938.6% over the same period, from $63K to $652K. Total functional expenses rose by 198.3%, from $103K to $307K. In its most recent filing year (2023), North Mecklenburg Animal Rescue Inc reported a deficit of $56K, with expenses exceeding revenue. The organization holds $6K in liabilities against $652K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $646K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $307K | $652K | $6K | — | View 990 |
| 2022 | $349K | $283K | $708K | $6K | — | View 990 |
| 2021 | $922K | $372K | $643K | $7K | — | View 990 |
| 2020 | $221K | $224K | $647K | $558K | — | View 990 |
| 2019 | $224K | $221K | $623K | $524K | — | View 990 |
| 2018 | $255K | $257K | $619K | $523K | — | View 990 |
| 2017 | $166K | $177K | $204K | $107K | — | View 990 |
| 2016 | $156K | $175K | $191K | $83K | — | View 990 |
| 2015 | $166K | $137K | $207K | $79K | — | View 990 |
| 2014 | $108K | $109K | $179K | $81K | — | View 990 |
| 2013 | $135K | $95K | $181K | $82K | — | View 990 |
| 2012 | $104K | $108K | $71K | $12K | — | View 990 |
| 2011 | $93K | $103K | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $307K, and assets of $652K (revenue -28.0% year-over-year).
- 2022: Revenue of $349K, expenses of $283K, and assets of $708K (revenue -62.2% year-over-year).
- 2021: Revenue of $922K, expenses of $372K, and assets of $643K (revenue +317.3% year-over-year).
- 2020: Revenue of $221K, expenses of $224K, and assets of $647K (revenue -1.3% year-over-year).
- 2019: Revenue of $224K, expenses of $221K, and assets of $623K (revenue -12.4% year-over-year).
- 2018: Revenue of $255K, expenses of $257K, and assets of $619K (revenue +54.2% year-over-year).
- 2017: Revenue of $166K, expenses of $177K, and assets of $204K (revenue +6.0% year-over-year).
- 2016: Revenue of $156K, expenses of $175K, and assets of $191K (revenue -5.9% year-over-year).
- 2015: Revenue of $166K, expenses of $137K, and assets of $207K (revenue +53.5% year-over-year).
- 2014: Revenue of $108K, expenses of $109K, and assets of $179K (revenue -20.1% year-over-year).
- 2013: Revenue of $135K, expenses of $95K, and assets of $181K (revenue +30.3% year-over-year).
- 2012: Revenue of $104K, expenses of $108K, and assets of $71K (revenue +12.2% year-over-year).
- 2011: Revenue of $93K, expenses of $103K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Mecklenburg Animal Rescue Inc:
Data Sources and Methodology
This transparency report for North Mecklenburg Animal 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.