Overview
What is Catapult Greater Pittsburgh?
Catapult Greater Pittsburgh is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary mission is to assist low-income individuals in overcoming poverty by empowering them to devise and implement personalized strategies. The organization fosters collaborations between these individuals and middle-income allies, enhancing their social capital and subsequently improving their employment prospects and financial stability. Catapult's initiatives encompass connecting families to emergency resources, peer-to-peer support, wealth building, trauma-informed financial counseling, and advocacy for policies that promote economic justice, enabling communities to lead dignified and equitable lives. The organization employs a team of 14 individuals in their pursuit of this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%)
Catapult Greater Pittsburgh has received a two-star rating on Charity Navigator, which indicates that while the organization demonstrates a strong commitment to accountability and finance, there are significant areas needing improvement. The organization scored exceptionally well in areas such as having an independent board and maintaining accurate financial statements with no reported asset diversion. Additionally, a high program expense ratio of 90.27% suggests that most of its expenditures directly support its mission.
However, concerns arise from the absence of key policies, including a whistleblower policy and a document retention policy, which impacts overall governance. Furthermore, the nonprofit has not posted its tax form on its website, which could hinder transparency for potential donors and stakeholders. The liabilities to assets ratio of 69.58% indicates a potential financial risk, suggesting that the organization may be over-leveraged relative to its assets.
In summary, Catapult Greater Pittsburgh shows strengths in financial accountability and independent governance, but it needs to address its policy gaps and improve transparency to enhance its overall rating and public trust. Addressing these limitations would likely enhance its impact and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Catapult Greater Pittsburgh legitimate?
Catapult Greater Pittsburgh is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catapult Greater Pittsburgh submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $647,485
For more financial information, click here
What is the mission statement of Catapult Greater Pittsburgh?
Catapult Greater Pittsburgh's mission revolves around connecting families in need to essential resources, such as emergency aid and peer support. The organization also focuses on wealth building and trauma-informed financial counseling. Additionally, they engage in policy advocacy to ensure communities can attain economic justice, enabling them to live dignified and equitable lives. Through their 'Basics' program, they empower low-income individuals to overcome poverty, pairing them with allies to boost their social capital, employment prospects, and financial well-being.
Who is the CEO of Catapult Greater Pittsburgh?
Tammy T Thompson is the Executive Director of Catapult Greater Pittsburgh.
What is the revenue of Catapult Greater Pittsburgh?
Catapult Greater Pittsburgh's revenue in 2022 was $1,258,793.
Who are the executives of Catapult Greater Pittsburgh and what are their salaries?
The average compensation at Catapult Greater Pittsburgh during 2022 was $46,249. There are 14 employees at Catapult Greater Pittsburgh.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Catapult Greater Pittsburgh?
Catapult Greater Pittsburgh's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catapult Greater Pittsburgh
Catapult Greater Pittsburgh is an organization dedicated to connecting families in need with essential resources, peer support, wealth-building opportunities, and trauma-informed financial counseling. The mission of Catapult Greater Pittsburgh is to empower communities to strive for economic justice and lead dignified and equitable lives. This is achieved by connecting families with emergency resources, fostering peer-to-peer support, and providing financial counseling that takes into account the emotional impact of poverty. Catapult also engages in policy advocacy to ensure that these resources and opportunities are accessible and effective.
Through the Basics program, Catapult Greater Pittsburgh helps low-income individuals to become leaders by guiding them in creating and implementing a plan to overcome poverty. The program also pairs these individuals with middle-income allies, enhancing their social capital and improving their employment prospects and financial well-being. In this way, Catapult Greater Pittsburgh works to break the cycle of poverty and promote a more equitable society.
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Impact
July, 2024
Catapult Greater Pittsburgh plays a vital role in connecting families to emergency resources, providing peer-to-peer support, offering wealth-building opportunities, delivering trauma-informed financial counseling, and engaging in policy advocacy. Through these efforts, the organization helps communities achieve economic justice and lead dignified and equitable lives. By focusing on supporting low-income individuals in becoming leaders and enhancing their social capital, Catapult Greater Pittsburgh is making a significant impact in Pittsburgh and beyond, ultimately contributing to community improvement.
This information is meant to be a general summary of Catapult Greater Pittsburgh. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67
- Gross Receipts: $1,258,793
Assets and Liabilities:
- Total Assets: $587,905
- Total Liabilities: $409,072
- Net Assets: $178,833
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Organization Details
Founding Year
2018
Principal Officer
Tammy T Thompson
Main Address
100 N Sheridan Ave, Pittsburgh, PA, 15206
NTEE Category
Code: S20 - Community improvement
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