Cato Neonatal Innovations Inc

Analysis

Cato Neonatal Innovations Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cato Neonatal Innovations Inc reported income of $288k and spending of $340k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $480k to $288k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cato Neonatal Innovations Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include White River Valley Antique Association Inc ($288k), Ballet Repertory Theatre of New Mexico ($288k) and Lost Railway Museum ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 27% of the total. Other salaries and wages came to $65k. At year end it held assets of $268k against liabilities of $8,316, net assets of $260k. It reported 4 employees.