Catrock Ventures Inc

Analysis

Catrock Ventures Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Catrock Ventures Inc reported income of $586k and spending of $496k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $586k (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Catrock Ventures Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Uniondale Community Council Inc ($584k), Kids Enjoy Exercise Now ($586k) and Shining Light Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $120k (24% of expenses). Other salaries and wages came to $156k. At year end it held assets of $432k against liabilities of $2,670, net assets of $430k. It reported 19 employees.