We have finally obtained a copy of Big Cat Rescue’s 2016 IRS 990 forms through the use of the Florida Department of Agriculture and Consumer Services’ website. Unlike our previous write-ups, we’ll try to keep this article brief and to the point by highlighting the most important bits of information to take away from the financial documents.
As expected, Big Cat Rescue’s total revenue for 2016 surpassed what they made back in 2015. Although they saw a dip in 2011, their revenue has consistently risen year after year, tripling from $1,240,458 back in 2006 to their latest report to the Internal Revenue Service which was $3,940,726.
That’s right! Big Cat Rescue raked in nearly $4-million in 2016, an increase of $327,386 from the year prior.
According to the form 990 tax return, only about 14.3% of all that money went towards animal care and whatever they deem to be educational programs. To be more precise, that's $562,923 going towards those two expenses that are lumped together for some reason.
We're currently unaware of what’s included in their educational programs. However, we did find out what animal care is composed of.
According to Big Cat Rescue’s website, animal care includes the cost of feeding the cats, providing veterinary care, and maintaining their shoddy looking cattle panel cages.
Through hours of combing the web for Big Cat Rescue's written and spoken statements pertaining to animal care, we’re led to believe that educational programs likely make up the majority of the 14.3%.
The driving force behind our reasoning is a 2014 interview in which Carole Baskin, CEO and Founder of Big Cat Rescue, said,
Another fact worth pointing out is how much Big Cat Rescue spent on salaries and compensation. The amount of money that went towards that expense in 2016 was $888,117, a near 100K increase from 2015.
The documents reveal that $355,005 went towards Carole Baskin’s family.
Here is a quick recap for 2016:
Here are a few other highlights worth mentioning: