Catapult Greater Pittsburgh Inc

Analysis

Catapult Greater Pittsburgh Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2019, 7 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 (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, Catapult Greater Pittsburgh Inc reported income of $6.2m and spending of $2.3m, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $6.2m (+1487%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 393%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catapult Greater Pittsburgh Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Lakota Fund ($6.2m), Act for Alexandria ($6.2m) and Brooklyn Alliance Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $843k. At year end it held assets of $4.6m against liabilities of $509k, net assets of $4.1m. It reported 17 employees.