Catalyst CT Inc

Analysis

Catalyst CT Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catalyst CT Inc reported income of $6.0m and spending of $6.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.0m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catalyst CT Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Special Olympics Washington ($6.0m), Girl Scouts of Nassau County Inc ($6.0m) and South Bay Center for Counseling ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $317k (5.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.1m against liabilities of $600k, net assets of $2.5m. It reported 60 employees.