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Rf Catalytic Capital
Rf Catalytic Capital reported $167.6 million in revenue and $178.3 million in expenses for calendar year 2024. Of every $100 it spent, $96.79 went to program services, $1.91 to management and general costs and $1.30 to fundraising. Its largest source of revenue was contributions and grants: 96.7% of the total. The highest compensation it reported for one person was $967,984 (PRESIDENT). 74 people received more than $100,000 in reportable compensation. Revenue fell 32% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $178MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $168MOther revenue was negative: −$385K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.8% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.9% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.7% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $967,984 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.54% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 74 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.1 | 56.6 |
| Independent voting board members Part VI 1a–1b | 2 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 2.00 hrs/week | $0 | $887,245 | $80,739 | $967,984 |
| SECRETARY Director/trustee, officer, 17.50 hrs/week | $0 | $547,611 | $77,139 | $624,750 |
| TREASURER (AS OF 03/2024) Director/trustee, officer, 5.00 hrs/week | $0 | $508,712 | $94,294 | $603,006 |
| INTERIM CEO OF GEAPP (THRU 10/24) Key employee, 35.00 hrs/week | $508,022 | $0 | $31,369 | $539,391 |
| VP SE ASIA OF GEAPP Highest compensated employee, 35.00 hrs/week | $477,092 | $0 | $42,979 | $520,071 |
| EXECUTIVE DIRECTOR, IOF Key employee, 35.00 hrs/week | $393,444 | $0 | $97,457 | $490,901 |
| COO OF GEAPP (THRU 10/2024) Highest compensated employee, 35.00 hrs/week | $401,197 | $0 | $71,662 | $472,859 |
| CHIEF INVESTMENT OFFICER OF GEAPP Highest compensated employee, 35.00 hrs/week | $411,777 | $0 | $41,080 | $452,857 |
74 people received more than $100,000 in reportable compensation from Rf Catalytic Capital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
5 filings since FY2020 (6 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 551
- Volunteers Part I, line 674
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MCKINSEY & COMPANY INC Consulting services | $4,363,759 |
| NIRAS Consulting services | $1,415,386 |
| SAFE GUARD GLOBAL Recruitment services | $1,339,336 |
| ALLIANCE FOR SUSTAINABLE ENERGY LLC Consulting services | $1,100,000 |
| WITHERS BERGMAN LLP Legal services | $847,769 |
Individuals listed as contractors are left out. 78 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Rf Catalytic Capital totaling $159M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Rf Catalytic Capital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rf Catalytic Capital, you can publish a response that is linked from this page.
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Of every $100 Rf Catalytic Capital spent in 2024, $96.79 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- American Gift FundWilmington, DE · revenue $166M · programs 97.0% · 2024
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- Community Foundation of the Texas Hill CountryKerrville, TX · revenue $163M · programs 96.7% · 2025
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- Hawaii Community FoundationHonolulu, HI · revenue $161M · programs 94.7% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in New York
Questions people ask
How much of Rf Catalytic Capital's spending goes to programs?
In calendar year 2024, Rf Catalytic Capital reported that 96.8% of its $178.3 million in expenses went to program services, 1.9% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Rf Catalytic Capital pay its top executive?
The largest total compensation Rf Catalytic Capital reported for one person in calendar year 2024 was $967,984, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Rf Catalytic Capital get its money?
Of $167.6 million in revenue in calendar year 2024, 96.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Rf Catalytic Capital a registered charity?
The IRS lists EIN 85-2150251 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513119349303756 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413139349303401 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313139349302991 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242769349300519 · read the filing
- FY2020 (6 mo.): Form 990 for the 6-month short period ending December 31, 2020, object 202112399349300641 · read the filing
All filings for EIN 85-2150251: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.