Is Catalyst Inc Legit?

Quick charity verification for Catalyst Inc (EIN: 131992402)

Verdict: Catalyst Inc appears trustworthy

75/100Mission Score
$30.6MRevenue
$46.1MAssets
4Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Catalyst Inc allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Catalyst Inc

Is Catalyst Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Catalyst Inc (EIN: 131992402) appears trustworthy. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.

Is Catalyst Inc a good charity to donate to?

Catalyst Inc has a Mission Score of 75/100. Revenue: $30.6M. Assets: $46.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Catalyst Inc?

The Employer Identification Number (EIN) for Catalyst Inc is 131992402. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Catalyst Inc spend its money?

Catalyst Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Catalyst Inc's tax-exempt status?

You can verify Catalyst Inc's tax-exempt status using EIN 131992402 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Catalyst Inc demonstrates a generally stable financial position with assets consistently exceeding liabilities, indicating good solvency. However, recent filings show a trend of expenses exceeding revenue, particularly in 2023 where expenses were $26,901,980 against revenues of $20,115,847, resulting in a deficit. This trend, if continued, could impact long-term financial health. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing public access to its financial data. The reported 0% officer compensation across all available filings suggests either a highly unusual compensation structure or that compensation is reported differently, which warrants further investigation for a complete understanding of executive pay practices. While the overall asset base is substantial at $46,143,807, the recent operating deficits are a concern. The organization has shown significant revenue fluctuations over the years, peaking at $29,826,959 in 2019 and then declining. Efficient spending is crucial, and without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. However, the consistent reporting of financial data across many years is a positive indicator of transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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