Catalyst Inc

Analysis

Catalyst Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 August 2023, Catalyst Inc reported income of $20.1m and spending of $26.9m, spending 134% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $29.8m to $20.1m (-33%), an average of -9.4% a year. The sharpest change came in the year to August 2021, when income dropped by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catalyst Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Community Resources for Independence Inc ($20.1m), Columbus Hospice Inc ($20.1m) and White River Area Agency on Aging Inc ($20.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $2.1m (8.0% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $50.1m against liabilities of $15.6m, net assets of $34.4m. It reported 144 employees.