212 Catalysts

Analysis

212 Catalysts is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 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 2022, 212 Catalysts reported income of $576k and spending of $555k, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $404k to $576k (+42%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 212 Catalysts sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Tech Serve International Inc ($576k), Reach Out First Inc ($576k) and Greater Gratiot Development Inc ($576k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $175k. It paid $4,725 in professional fundraising fees. At year end it held assets of $209k against liabilities of $69k, net assets of $140k. It reported 5 employees.