The Cat Ltd EIN 82-4715318

The Cat Ltd

EIN  82-4715318 Public charity (501(c)(3)) Carmel, IN Founded 2018
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Size
$100K–1M
What they do
Provides a local stage for Carmel artists to entertain the community.
Leadership
Deborah B Wood · President / Treasurer
Money in and out
$272K revenue, $243K expenses
Bottom line
68% program efficiency

Provides a local stage for Carmel artists to entertain the community. For fiscal year 2025 it reported $272K in revenue, $243K in expenses, and $96K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$272K
Pt VIII · Ln 12
Total expenses
$243K
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32 Fundraising $0.00
Program efficiency
68%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▲ +100% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +613% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$272K
FY2025▲ +18%
Expenses
$243K
FY2025▲ +3%
Total assets
$98K
FY2025▲ +41%
Total liabilities
$2K
FY2025▼ -29%
Total revenue
$272K
Pt VIII · Ln 12
Total expenses
$243K
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$98K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $165K of program spending, described in the organization's own filed words · FY2025.
01

The carmel apprentice theatre (cat) is a no-audition, no-cost program for people new to theater and theater veterans to perform side-by-side in roles of a lifetime. The cat runs two productions a year.

$94Kprogram expense
02

In 2025 the cat continued our tuition-based youth program. The spring production featured 30 students in 6 performances that all sold at least 90% of seats. The fall production had four sold-out performances featuring 25 students. The cat will continue to grow this program with skill-based classes.

$41Kprogram expense
03

During 2025, the cat provided a home for 12 different artistic companies to produce their seasons. On average there has been between 102 and 124 affordable performances on the cat's stage each year. Members of the community can visit almost every weekend and see something different.

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Cat Ltd
EINHdr · item D82-4715318
Principal addressHdr · item CCarmel, IN
WebsiteHdr · item Jthecat.biz
Year of formationHdr · item L2018
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President / Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Audrey Larkin’s $45K as Production Manager is at the 39th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Audrey Larkin$45,000$38,767$31,900$30,004

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$148K · 54%
Program service revenue$106K · 39%
Other revenue$18K · 7%
Contributions & grants54%$148K
Program service revenue39%$106K
Other revenue7%$18K
— government grantsLn 1e$89K
Total revenueLn 12$272K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32 Fundraising $0.00
Program services68%$165K
Management & general32%$77K
Fundraising$199
Total functional expensesLn 25$243K

Balance Sheet

Part X · end of year
CashLn 1$69K
Total assetsLn 16$98K
Total liabilitiesLn 26$2K
Total net assetsLn 32$96K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $69K · Operating expenses/yr $243K
3.4 months
Where the money goes
Program services
Program services $165K · Total expenses $243K
68%
Management & General
Management & general $77K · Total expenses $243K
32%
Fundraising
Fundraising $199 · Total expenses $243K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $66 · Solicited contributions (3-yr avg) $89K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $148K · Total revenue $272K
54%
Government reliance
Government grants $89K · Total revenue $272K
33%
Earned-income share
Program service revenue $106K · Total revenue $272K
39%
Investment reliance
Investment income $0 · Total revenue $272K
0%
Program self-sufficiency
Program service revenue $106K · Total expenses $243K
44%
Growth & trend
Revenue growth (YoY)
This year $272K · Prior year $230K
+18%
Revenue CAGR
FY2020 $143K · FY2025 $272K
+14%
Net-asset trend (YoY)
End of year $96K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $272K · Expenses $243K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $98K
Net-asset ratio
Net assets $96K · Total assets $98K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $98K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deborah B Wood · Reported title PRESIDENT / TREASURER · Highest reported compensation $0 · Total expenses $243K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $243K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 18%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$272K revenue · viewing · ⤓ 990 PDF
FY2024$230K revenue · ⤓ 990 PDF
FY2023$257K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$175K revenue · ⤓ 990 PDF
FY2020$143K revenue · ⤓ 990 PDF

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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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