Woonsocket Cat Sanctuary Inc
Woonsocket Cat Sanctuary Inc shows consistent revenue and asset growth with zero officer compensation.
EIN: 203122035 · Woonsocket, RI · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $89K |
| Program Spending | 90% |
| Net Assets | $259K |
| Transparency Score | 95/100 |
Is Woonsocket Cat Sanctuary Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woonsocket Cat Sanctuary Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woonsocket Cat Sanctuary Inc
Woonsocket Cat Sanctuary Inc (EIN: 203122035) is a nonprofit organization based in Woonsocket, RI, classified under NTEE code D20. The organization reported total revenue of $209K and total assets of $445K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woonsocket Cat Sanctuary Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woonsocket Cat Sanctuary Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $89K |
| Surplus / Deficit | +$86K |
| Total Assets | $262K |
| Total Liabilities | $2K |
| Net Assets | $259K |
| Operating Margin | 49.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2022, Woonsocket Cat Sanctuary Inc reported a surplus of $86K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Woonsocket Cat Sanctuary Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +51.8% | +4.3% | +49.6% |
| 2021 | +45.5% | +34.2% | +20.8% |
| 2020 | -8.5% | -24.8% | +12.3% |
| 2019 | -7.1% | +1.2% | +1.5% |
| 2018 | -4.5% | +4.0% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| 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 Woonsocket Cat Sanctuary Inc with a Mission Score of 95 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, Woonsocket Cat Sanctuary 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no officers or key employees receive salaries, which is highly commendable 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 Woonsocket Cat Sanctuary Inc:
- Consistent revenue growth, from $62,913 in 2013 to $175,176 in 2022.
- Significant asset growth, from $38,342 in 2013 to $444,604 in the latest period.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Low liabilities relative to assets, suggesting strong financial stability.
- Consistent filing of IRS 990 forms over 12 periods, demonstrating transparency.
Frequently Asked Questions about Woonsocket Cat Sanctuary Inc
Is Woonsocket Cat Sanctuary Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woonsocket Cat Sanctuary Inc (EIN: 203122035) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Woonsocket Cat Sanctuary Inc spend its money?
Woonsocket Cat Sanctuary Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woonsocket Cat Sanctuary Inc tax-deductible?
Woonsocket Cat Sanctuary Inc is registered as a tax-exempt nonprofit (EIN: 203122035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Woonsocket Cat Sanctuary Inc's spending goes to programs?
Woonsocket Cat Sanctuary Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Woonsocket Cat Sanctuary Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Woonsocket Cat Sanctuary 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 Woonsocket Cat Sanctuary Inc located?
Woonsocket Cat Sanctuary Inc is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 203122035. It is classified under NTEE code D20.
How many years of IRS 990 filings does Woonsocket Cat Sanctuary Inc have?
Woonsocket Cat Sanctuary Inc has 12 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 $209K in total revenue.
Is Woonsocket Cat Sanctuary Inc a good charity?
Based on its financial data, Woonsocket Cat Sanctuary Inc appears to be a very good charity. It demonstrates strong financial health, efficient spending with 0% officer compensation, and consistent growth in assets and revenue.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $62,913 in 2013 to $175,176 in 2022, and assets increasing from $38,342 to $261,911 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Woonsocket Cat Sanctuary Inc has a highly commendable approach to executive compensation, reporting 0% officer compensation across all available filings, meaning no salaries are paid to its officers.
Filing History
IRS 990 filing history for Woonsocket Cat Sanctuary Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Woonsocket Cat Sanctuary Inc's revenue has grown by 183%, moving from $62K to $175K. Total assets increased by 885.4% over the same period, from $27K to $262K. Total functional expenses rose by 59.1%, from $56K to $89K. In its most recent filing year (2022), Woonsocket Cat Sanctuary Inc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $2K in liabilities against $262K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $175K | $89K | $262K | $2K | — | View 990 |
| 2021 | $115K | $85K | $175K | $2K | — | View 990 |
| 2020 | $79K | $64K | $145K | $2K | — | View 990 |
| 2019 | $87K | $85K | $129K | $2K | — | View 990 |
| 2018 | $93K | $84K | $127K | $2K | — | View 990 |
| 2017 | $98K | $80K | $117K | $2K | — | View 990 |
| 2016 | $86K | $78K | $102K | $4K | — | View 990 |
| 2015 | $92K | $72K | $94K | $4K | — | View 990 |
| 2014 | $96K | $63K | $72K | $2K | — | View 990 |
| 2013 | $63K | $51K | $38K | $2K | — | View 990 |
| 2012 | $52K | $53K | $25K | $631 | — | View 990 |
| 2011 | $62K | $56K | $27K | $631 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $175K, expenses of $89K, and assets of $262K (revenue +51.8% year-over-year).
- 2021: Revenue of $115K, expenses of $85K, and assets of $175K (revenue +45.5% year-over-year).
- 2020: Revenue of $79K, expenses of $64K, and assets of $145K (revenue -8.5% year-over-year).
- 2019: Revenue of $87K, expenses of $85K, and assets of $129K (revenue -7.1% year-over-year).
- 2018: Revenue of $93K, expenses of $84K, and assets of $127K (revenue -4.5% year-over-year).
- 2017: Revenue of $98K, expenses of $80K, and assets of $117K (revenue +13.8% year-over-year).
- 2016: Revenue of $86K, expenses of $78K, and assets of $102K (revenue -6.3% year-over-year).
- 2015: Revenue of $92K, expenses of $72K, and assets of $94K (revenue -4.7% year-over-year).
- 2014: Revenue of $96K, expenses of $63K, and assets of $72K (revenue +52.8% year-over-year).
- 2013: Revenue of $63K, expenses of $51K, and assets of $38K (revenue +21.8% year-over-year).
- 2012: Revenue of $52K, expenses of $53K, and assets of $25K (revenue -16.5% year-over-year).
- 2011: Revenue of $62K, expenses of $56K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woonsocket Cat Sanctuary Inc:
Data Sources and Methodology
This transparency report for Woonsocket Cat Sanctuary 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.