Catalyst Connection

Analysis

Catalyst Connection is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Connection reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.6m to $9.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to August 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catalyst Connection 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 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Portland Va Research Foundation Inc ($9.7m), Maui Arts & Cultural Center ($9.8m) and Vermont Council on the Arts Inc ($9.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $551k (5.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.7m against liabilities of $3.4m, net assets of $5.2m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.