Catherine Fund
Catherine Fund operates with minimal revenue and expenses, consistently spending more than it earns.
EIN: 202320373 · Pineville, LA · NTEE: D40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $66K |
| Transparency Score | 65/100 |
Is Catherine Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catherine Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catherine Fund
Catherine Fund (EIN: 202320373) is a nonprofit organization based in Pineville, LA, classified under NTEE code D40. The organization reported total revenue of $3K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catherine Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catherine Fund is a micro nonprofit that has been operating for 21 years, with 4 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of -16.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | $-412 |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | -14.9% |
| Months of Reserves | 250.9 months |
Financial Health Grade: B
In 2022, Catherine Fund reported a deficit of $412 with expenses exceeding revenue, holds 250.9 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2018–2022), Catherine Fund's revenue has declined at a compound annual growth rate (CAGR) of -16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +0.1% | -41.8% | -0.6% |
| 2021 | -46.0% | -57.2% | — |
| 2019 | -7.8% | +114.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Catherine Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Catherine Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $412, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely unpaid, which is common for very small, volunteer-driven nonprofits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Catherine Fund's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple periods, such as 2022 ($3,174 expenses vs. $2,762 revenue) and 2021 ($5,458 expenses vs. $2,760 revenue).
- Very low and fluctuating revenue, which could indicate instability or limited program reach.
Strengths
The following positive indicators were identified for Catherine Fund:
- Consistent reporting of 0% officer compensation, suggesting a volunteer-driven model and efficient use of funds for leadership.
- No reported liabilities across all available filings, indicating a debt-free financial position.
- Consistent filing of IRS 990 forms, demonstrating a commitment to basic financial transparency.
Frequently Asked Questions about Catherine Fund
Is Catherine Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Catherine Fund (EIN: 202320373) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Catherine Fund spend its money?
Catherine Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catherine Fund tax-deductible?
Catherine Fund is registered as a tax-exempt nonprofit (EIN: 202320373). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Catherine Fund's spending goes to programs?
Catherine Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Catherine Fund compare to similar nonprofits?
With a transparency score of 65/100 (Good), Catherine Fund is above average for NTEE category D40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catherine Fund located?
Catherine Fund is headquartered in Pineville, Louisiana and files with the IRS under EIN 202320373. It is classified under NTEE code D40.
How many years of IRS 990 filings does Catherine Fund have?
Catherine Fund has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3K in total revenue.
Is Catherine Fund a good charity?
Given its very small scale, consistent reporting of 0% officer compensation, and no reported liabilities, Catherine Fund appears to be a lean operation. However, its consistent deficit spending (expenses exceeding revenue) might raise questions about long-term sustainability if not supported by reserves or future funding.
What is the primary financial challenge for Catherine Fund?
The primary financial challenge for Catherine Fund is its consistent deficit spending, where expenses frequently exceed revenue. For example, in 2022, expenses were $3,174 while revenue was only $2,762, and in 2021, expenses were $5,458 against $2,760 in revenue. This trend suggests a need for increased funding or tighter expense management to ensure long-term viability.
How transparent is Catherine Fund?
The organization has filed its IRS 990 forms consistently, with four filings available, which indicates a basic level of transparency. The detailed breakdown of officer compensation as 0% also adds to its transparency regarding leadership costs.
Filing History
IRS 990 filing history for Catherine Fund showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2022), Catherine Fund's revenue has declined by 50.2%, moving from $6K to $3K. Total assets decreased by 19.7% over the same period, from $83K to $66K. Total functional expenses fell by 46.7%, from $6K to $3K. In its most recent filing year (2022), Catherine Fund reported a deficit of $412, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3K | $3K | $66K | $0 | — | View 990 |
| 2021 | $3K | $5K | $67K | $0 | — | View 990 |
| 2019 | $5K | $13K | $0 | $0 | — | View 990 |
| 2018 | $6K | $6K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3K, expenses of $3K, and assets of $66K (revenue +0.1% year-over-year).
- 2021: Revenue of $3K, expenses of $5K, and assets of $67K (revenue -46.0% year-over-year).
- 2019: Revenue of $5K, expenses of $13K, and assets of $0 (revenue -7.8% year-over-year).
- 2018: Revenue of $6K, expenses of $6K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catherine Fund:
Data Sources and Methodology
This transparency report for Catherine Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.