Catalyst Sports Inc

Analysis

Catalyst Sports Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Catalyst Sports Inc reported income of $797k and spending of $441k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $371k to $797k (+115%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Catalyst Sports Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Piedmont Swim Team ($797k), Homewood Soccer Club Inc ($798k) and Washington County Youth Hockey Association Inc ($796k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $21k (4.8% of expenses). Other salaries and wages came to $99k. It paid $35k in professional fundraising fees. At year end it held assets of $592k against liabilities of $1,639, net assets of $590k. It reported 3 employees.