Catalight Foundation

Analysis

Catalight Foundation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Catalight Foundation reported income of $347.6m and spending of $352.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298.4m to $347.6m (+16%), an average of +3.9% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catalight Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include STC Healthcare Partners LLC ($347.6m), Inclusa Inc ($348.0m) and Baptist Health Regional Hospitals ($346.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.9m (2.0% of expenses). Other salaries and wages came to $41.3m. At year end it held assets of $151.2m against liabilities of $77.5m, net assets of $73.7m. It reported 430 employees.