Catapult Labs

Analysis

Catapult Labs is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Catapult Labs reported income of $1.0m and spending of $1.0m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $509k to $1.0m (+102%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catapult Labs sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Youth and Family Outreach ($1.0m), Faithworks ($1.0m) and Akbar Mosque Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $129k (12% of expenses). Other salaries and wages came to $281k. At year end it held assets of $271k against liabilities of $22k, net assets of $249k. It reported 4 employees.