Cats2 Foundation

Analysis

Cats2 Foundation is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cats2 Foundation reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $1.5m (+5909%), an average of +5910% a year. The sharpest change came in the year to December 2023, when income rose by 5909%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cats2 Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Commission on Accrediting of the Association of Theological Schools ($1.5m), Scalelit Fka Chicago Citywide Literacy Coalition ($1.5m) and Lower Brule Community College Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $177k against liabilities of $87k, net assets of $90k.