Operation Catnip INC

Raleigh, NC · Public charity (501(c)(3)) · Since 1997 · Animals

✓ Tax-deductible Latest data FY2025
Revenue
$159K
▲ +64% vs prior year
Spent
$160K
To programs
89%
Net assets
$300K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
9 funders, incl. Fleming Family Foundation
$51K in the latest grant year.
Spent on programs?
89% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +64% vs prior year
Legal name (IRS)Hdr · item COperation Catnip INC
EINHdr · item D56-2057805
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1998
Year of formationHdr · item L1997
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CRaleigh, NC
NTEE classificationIRS BMFAnimals (D21Z)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11 Fundraising $0.00
Program services89%$142K
Management & general11%$18K
Fundraising$44
Total functional expensesLn 25$160K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$159K
FY2025▲ +64%
Expenses
$160K
FY2025▲ +71%
Program efficiency
89%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
22.5mo
months of highly liquid reserves at operating expense rate▼ -42% vs prior filing year
Surplus margin
-0.8%
revenue over expenses, this year▼ -127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$300K
FY2025-0.4%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$300K
Total assetsLn 16$300K
Total liabilitiesLn 26$0
Total net assetsLn 32$300K
Months of cash on handcomputed22.5

Statement of Revenue

Part VIII
Program service revenue$77K · 48%
Contributions & grants$67K · 42%
Investment income$15K · 9%
Program service revenue48%$77K
Contributions & grants42%$67K
Investment income9%$15K
Total revenueLn 12$159K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $300K · Operating expenses/yr $160K
22.5 months
Where the money goes
Program services
Program services $142K · Total expenses $160K
89%
Management & General
Management & general $18K · Total expenses $160K
11%
Fundraising
Fundraising $44 · Total expenses $160K
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $390 · Solicited contributions (3-yr avg) $129K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $67K · Total revenue $159K
42%
Government reliance
Government grants $0 · Total revenue $159K
0%
Earned-income share
Program service revenue $77K · Total revenue $159K
48%
Investment reliance
Investment income $15K · Total revenue $159K
+9%
Program self-sufficiency
Program service revenue $77K · Total expenses $160K
48%
Growth & trend
Revenue growth (YoY)
This year $159K · Prior year $96K
+64%
Revenue CAGR
FY2020 $51K · FY2025 $159K
+25%
Net-asset trend (YoY)
End of year $300K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $159K · Expenses $160K
-0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
—
Net-asset ratio
Net assets $300K · Total assets $300K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $300K
0%
People & payroll
Highest Reported Total Compensation
Individual Angela Riedel · Reported title President · Highest reported compensation $0 · Total expenses $160K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $160K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0.07%——
Revenue growth 64%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Public Relations Director
$0Pt VII · Sec A
Medical Director
$0Pt VII · Sec A
Clinic Supervisor Volunteer Director
$0Pt VII · Sec A
Logistics Director
$0Pt VII · Sec A
Education
$0Pt VII · Sec A
Traps Director
$0Pt VII · Sec A
See Operation Catnip INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Spay/neuter community cats and offer vouchers to control overpopulation.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $142K of program spending, described in the organization's own filed words · FY2025.
01

Provide vouchers for spay neuter services outside of clinic dates.

$107Kprogram expense
02

Medical supplies for monthly clinics. This includes items such as gloves surgical blades sutures drugs DEA license etc.

$31Kprogram expense
03

Car repairs due to damage cause by our equipment 3355 Volunteer appreciation 848

$4Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $159K$160K+64% 990 PDF
FY2024 $96K$94K-66% 990 PDF
FY2023 $286K$65K+248% 990 PDF
FY2022 $82K—+10% 990 PDF
FY2021 $75K—+47% 990 PDF
FY2020 $51K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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