Zoes Best Friend Inc
Zoes Best Friend Inc consistently operates at a deficit, relying on substantial assets to fund operations.
EIN: 204409296 · Cheshire, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $34K |
| Program Spending | 80% |
| Net Assets | $796K |
| Transparency Score | 75/100 |
Is Zoes Best Friend Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zoes Best Friend Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zoes Best Friend Inc
Zoes Best Friend Inc (EIN: 204409296) is a nonprofit organization based in Cheshire, CT, classified under NTEE code T22. The organization reported total revenue of $21K and total assets of $825K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zoes Best Friend Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zoes Best Friend Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $34K |
| Surplus / Deficit | $-3,889 |
| Total Assets | $796K |
| Total Liabilities | $1 |
| Net Assets | $796K |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 279.3 months |
Financial Health Grade: B
In 2023, Zoes Best Friend Inc reported a deficit of $4K with expenses exceeding revenue, holds 279.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Zoes Best Friend Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | -69.6% | -0.5% |
| 2022 | -50.1% | +90.3% | -8.5% |
| 2021 | +288.4% | +5.2% | +0.4% |
| 2020 | -25.5% | +13.5% | -3.8% |
| 2019 | -56.9% | +19.1% | +29.3% |
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 Zoes Best Friend Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Zoes Best Friend Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is highly favorable for a nonprofit 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 Zoes Best Friend Inc's IRS 990 filings:
- Consistent annual operating deficits (e.g., 2023, 2022, 2021, 2020 expenses exceeded revenue)
- Significant reliance on existing assets to cover operational costs without clear revenue growth
Strengths
The following positive indicators were identified for Zoes Best Friend Inc:
- Substantial asset base ($825,334) providing financial stability
- Zero reported officer compensation, indicating volunteer leadership or highly efficient compensation structure
- Very low liabilities ($0-$1) across all periods, demonstrating strong financial management and minimal debt
- Clear mission focus indicated by NTEE code T22 (Animal Protection & Welfare)
Frequently Asked Questions about Zoes Best Friend Inc
Is Zoes Best Friend Inc a legitimate charity?
Zoes Best Friend Inc (EIN: 204409296) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $21K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Zoes Best Friend Inc spend its money?
Zoes Best Friend Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Zoes Best Friend Inc tax-deductible?
Zoes Best Friend Inc is registered as a tax-exempt nonprofit (EIN: 204409296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Zoes Best Friend Inc's spending goes to programs?
Zoes Best Friend Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Zoes Best Friend Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Zoes Best Friend Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Zoes Best Friend Inc located?
Zoes Best Friend Inc is headquartered in Cheshire, Connecticut and files with the IRS under EIN 204409296. It is classified under NTEE code T22.
How many years of IRS 990 filings does Zoes Best Friend Inc have?
Zoes Best Friend Inc has 10 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 $21K in total revenue.
How does Zoes Best Friend Inc fund its operations given its consistent annual deficits?
The organization appears to fund its operations by drawing from its substantial asset base, which currently stands at $825,334. For example, in 2022, expenses were $112,634 against revenues of $28,446, indicating a significant draw from reserves.
What is the long-term sustainability plan for Zoes Best Friend Inc given its spending patterns?
While the organization has significant assets, a consistent pattern of expenses exceeding revenue (e.g., 2023, 2022, 2021, 2020) suggests that without an increase in revenue or a reduction in expenses, its asset base will gradually diminish over time.
What are the primary program activities of Zoes Best Friend Inc?
Based on its NTEE code T22 (Animal Protection & Welfare), the organization's primary activities are focused on animal welfare, though specific program details are not available in the provided financial data.
Filing History
IRS 990 filing history for Zoes Best Friend Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Zoes Best Friend Inc's revenue has grown by 20.1%, moving from $25K to $30K. Total assets increased by 15.7% over the same period, from $688K to $796K. Total functional expenses fell by 5.7%, from $36K to $34K. In its most recent filing year (2023), Zoes Best Friend Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $796K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $796K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $34K | $796K | $1 | — | — |
| 2022 | $28K | $113K | $800K | $1 | — | View 990 |
| 2021 | $57K | $59K | $875K | $1 | — | — |
| 2020 | $15K | $56K | $871K | $1 | — | — |
| 2019 | $20K | $50K | $906K | $0 | — | View 990 |
| 2015 | $46K | $42K | $701K | $0 | — | View 990 |
| 2014 | $51K | $48K | $700K | $0 | — | View 990 |
| 2013 | $32K | $38K | $699K | $0 | — | View 990 |
| 2012 | $32K | $30K | $693K | $0 | — | View 990 |
| 2011 | $25K | $36K | $688K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $34K, and assets of $796K (revenue +6.6% year-over-year).
- 2022: Revenue of $28K, expenses of $113K, and assets of $800K (revenue -50.1% year-over-year).
- 2021: Revenue of $57K, expenses of $59K, and assets of $875K (revenue +288.4% year-over-year).
- 2020: Revenue of $15K, expenses of $56K, and assets of $871K (revenue -25.5% year-over-year).
- 2019: Revenue of $20K, expenses of $50K, and assets of $906K (revenue -56.9% year-over-year).
- 2015: Revenue of $46K, expenses of $42K, and assets of $701K (revenue -11.1% year-over-year).
- 2014: Revenue of $51K, expenses of $48K, and assets of $700K (revenue +62.1% year-over-year).
- 2013: Revenue of $32K, expenses of $38K, and assets of $699K (revenue -1.9% year-over-year).
- 2012: Revenue of $32K, expenses of $30K, and assets of $693K (revenue +27.8% year-over-year).
- 2011: Revenue of $25K, expenses of $36K, and assets of $688K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zoes Best Friend Inc:
Data Sources and Methodology
This transparency report for Zoes Best Friend 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.