The proton affinity and the enthalpy of formation of the prototypical carbonyl, formaldehyde, have been determined by the first-principles composite focalpoint analysis (FPA) approach. The electronic structure computations employed the allelectron coupled-cluster method with up to single, double, triple, quadruple, and even pentuple excitations. In these computations the aug-cc-p(C)VXZ [X ϭ 2(D), 3(T), 4(Q), 5, and 6] correlation-consistent Gaussian basis sets for C and O were used in conjunction with the corresponding aug-cc-pVXZ (X ϭ 2-6) sets for H. The basis set limit values have been confirmed via explicitly correlated computations. Our FPA study supersedes previous computational work for the proton affinity and to some extent the enthalpy of formation of formaldehyde by accounting for (a) electron correlation beyond the "gold standard" CCSD(T) level; (b) the non-additivity of core electron correlation effects; (c) scalar relativity; (d) diagonal Born-Oppenheimer corrections computed at a correlated level; (e) anharmonicity of zero-point vibrational energies, based on global potential energy surfaces and variational vibrational computations; and (f) thermal corrections to enthalpies by direct summation over rovibrational energy levels. Our final proton affinities at 298.15 (0.0) K are ⌬ pa H o (H 2 CO) ϭ 711.02 (704.98) Ϯ 0.39 kJ mol Ϫ1 . Our final enthalpies of formation at 298.15 (0.0) K are ⌬ f H o (H 2 CO) ϭ Ϫ109.23 (Ϫ105.42) Ϯ 0.33 kJ mol Ϫ1 .The latter values are based on the enthalpy of the H 2 ϩ CO 3 H 2 CO reaction but supported by two further reaction schemes, H 2 O ϩ C 3 H 2 CO and 2H ϩ C ϩ O 3 H 2 CO. These values, especially ⌬ pa H o (H 2 CO), have better accuracy and considerably lower uncertainty than the best previous recommendations and thus should be employed in future studies.