Catalysis Inc

Analysis

Catalysis Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Catalysis Inc reported income of $2.1m and spending of $2.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $2.1m (-60%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catalysis Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Morgan Adams Foundation ($2.1m), Western Virginia Emergency Medical Services Council Inc ($2.1m) and Northwest Health Foundation Fund II ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $249k (11% of expenses). Other salaries and wages came to $955k. At year end it held assets of $1.3m against liabilities of $1.9m, net assets of -$613k. It reported 14 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.