Catalyst Public Schools

Analysis

Catalyst Public Schools is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in September 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 August 2023, Catalyst Public Schools reported income of $7.9m and spending of $6.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to August 2023, income grew from $1.1m to $7.9m (+621%), an average of +64% a year. The sharpest change came in the year to August 2022, when income rose by 116%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catalyst Public Schools sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Covenant Christian School ($7.8m), Hoboken Dual Language Charter School a New Jersey Non-Profit Cor ($7.9m) and Southwest Covenant Schools Incorporated ($7.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $268k (4.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $12.4m against liabilities of $9.8m, net assets of $2.6m. It reported 74 employees.