Catalyst Schools

Analysis

Catalyst Schools is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catalyst Schools reported income of $28.9m and spending of $29.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.7m to $28.9m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catalyst Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include International School of Los Angeles Lycee International de Los Angeles ($28.9m), The University Corporation San Francisco State ($28.9m) and Wheeling Jesuit University Inc ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $424k (1.4% of expenses). Other salaries and wages came to $19.3m. At year end it held assets of $23.1m against liabilities of $10.4m, net assets of $12.7m. It reported 454 employees.