Catapult Design

Analysis

Catapult Design is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Catapult Design reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.0m (+103%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catapult Design sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Santa Fe Railyard Community ($2.0m), Coshocton Foundation ($2.0m) and New York State Institute on Disability Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $249k (13% of expenses). Other salaries and wages came to $455k. It paid $7,700 in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $921k, net assets of $1.7m. It reported 8 employees.