Connects philanthropists, financial institutions, and government entities to direct catalytic capital and flexible grants toward community partners and social enterprises.
Leadership
Cindy Willard · Senior Dir. of Capital Activation · $141K
Money in and out
$24.5M revenue, $16.3M expenses
Bottom line
95% program efficiency
Connects philanthropists, financial institutions, and government entities to direct catalytic capital and flexible grants toward community partners and social enterprises.
For fiscal year 2024 it reported $24.5M in revenue, $16.3M in expenses, and $17.9M in net assets.Pt I
Grants paid & assets · FY2024
Total revenue
$24.5M
Pt VIII · Ln 12
Total expenses
$16.3M
Pt IX · Ln 25
Net assets
$17.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8.2M
Where spending went · Part IX cols B–D
95%
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program efficiency
95%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
15.2mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +61% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$24.5M
FY2024▲ +41%
$24.5M$12.2M$0
FY2020FY2024
Expenses
$16.3M
FY2024▲ +19%
$18.6M$9.3M$0
FY2020FY2024
Total assets
$40.7M
FY2024▲ +54%
$40.7M$20.4M$0
FY2020FY2024
Total liabilities
$22.8M
FY2024▲ +45%
$22.8M$11.4M$0
FY2020FY2024
Total revenue
$24.5M
Pt VIII · Ln 12
Total expenses
$16.3M
Pt IX · Ln 25
Net assets
$17.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8.2M
Total assetsPt X · Ln 16$40.7M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III
Where the work happens
3 program services account for $15.5M of program spending, described in the organization's own filed words · FY2024.
01
Capital Activation
At impact charitable, we move more money, in more ways, to more people and places by focusing on impact-first investing. Our primary objective is to drive meaningful impact, balancing financial return and risk in service of this mission.
$11.3Mprogram expense
02
Economic Mobility
Impact charitable collaborates with catalytic funders, community leaders, local governments, and other changemakers to design and implement direct cash assistance and economic mobility programs.
$3.3Mprogram expense
03
Catalytic Capital Partners
Catalytic capital partners LLC, a wholly-owned subsidiary of impact charitable, was established to create significant efficiencies for impact funds and projects that are increasingly attracting a combination of private, philanthropic, government, and grant capital.
Cindy Willard’s $141K as Senior Dir. of Capital Activation
is at the 13th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Cindy Willard · Reported title SENIOR DIR. OF CAPITAL ACTIVATION · Highest reported compensation $141K · Total expenses $16.3M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $16.3M
7%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
95%
—
—
Overhead ratio
4%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
41%
—
—
Investment management fee ratio
1%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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