Catalyst Education

Analysis

Catalyst Education is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Catalyst Education reported income of $5.2m and spending of $3.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.2m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catalyst Education sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Alumni Association of the University of Mississippi ($5.2m), Black Hills State University Foundation ($5.2m) and Center for Health Innovation ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $454k (14% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.0m against liabilities of $2.7m, net assets of $4.4m. It reported 26 employees.