Catalyst Academy Charter School

Analysis

Catalyst Academy Charter School is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catalyst Academy Charter School reported income of $5.2m and spending of $5.2m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $846k to $5.2m (+520%), an average of +84% a year. The sharpest change came in the year to June 2021, when income rose by 215%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catalyst Academy Charter School 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 91st percentile within PA. Charities of a similar size with the same main cause include Wakefield Country Day School Inc ($5.2m), Columbia Christian School ($5.2m) and Winter Park Library Assn ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $307k (5.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.3m against liabilities of $9.6m, net assets of $1.7m. It reported 63 employees.