Team Catapult

Analysis

Team Catapult is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Team Catapult reported income of $310k and spending of $278k, spending 90% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $83k to $310k (+274%), an average of +274% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Team Catapult sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Murray Calloway Need Line Association Inc ($310k), Wfeh Incorporated ($310k) and Orange County Walk to Remember Inc ($310k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.