Big Cat Rescue’s 2014 990 forms have finally been released and it’s time to take a peek. You’re probably wondering how much money they made and actually spent on those adorable cats they always show pictures and videos of. Well, lets find out together. (If you didn’t see our analysis of Big Cat Rescue’s 2013 990 forms you can read about it here)
Okay first things first. Big Cat Rescue raked in $3,454,936. Their revenue shot up $681,105 compared to the previous year. Big Cat Rescue claims their ultimate goal is to put themselves out of business. In the meantime, however, they continue to rake in the millions in revenue.
The amount they spent on salaries also increased with the rise in revenue. Who exactly is getting the $715,984? We can't know for sure, but we can find out some of the people that take home a large some of that money.
$285,456 went to Carole Baskin's (CEO/ Founder) family. We're wondering why Carole Baskin feels the need to get paid when she claims to be a multi-millionaire in her book titled "Millionaire's Manual To Manifesting Millions". Did she run out of money? Below is an excerpt from her book (emphasis added):
By browsing the staff page on Big Cat Rescue's website, we're able to determine that Carole Baskin's brother and niece are staff members which means they are likely being paid too.
Well, here's the part you've been waiting for. $616,642 (18% of total revenue) went towards animal care. Keep in mind, educational programs are lumped in with the cost of animal care. What are these 'educational programs'? We haven't a clue. It's safe to assume that the majority of that $600,000 didn't go towards the care of their cats because on Big Cat Rescue's website they said (emphasis added):
As we just mentioned, only 18% of their total revenue went towards animal care which is quite a small percentage, wouldn't you agree? Not too long ago Big Cat Rescue made a video where they said,
That claim is very misleading and just downright dishonest. Less than $600,000 went to animal care while $2.8-million did not. So how can they boldly claim all, but a small percentage of money goes "to the care for the animals"?
To show just how little money they spent on their animals, I'll calculate the amount of revenue Big Cat Rescue has made and spent on animal care from 2004-2014.
According to our calculations, Big Cat Rescue has netted a staggering $21,159,821. Out of $21-million only $4,346,997 (20%) went to animal care. Remember, "educational" programs are lumped in with animal care making the total amount they have spent on their cats even less.
We also added up the amount of surplus funds left over for all those years and ended up with the figure of $6,521,385. That's enough money to take care of the cats for over 10 years!