Worship Catalyst Inc

Analysis

Worship Catalyst Inc is a registered charity in United States, based in Yulee, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Worship Catalyst Inc reported income of $304k and spending of $306k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $410k to $304k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Worship Catalyst Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Full Counsel Ministerial and Missionary Association ($304k), University Lutheran Ministry Association ($304k) and Emmanuel University ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $100k (33% of expenses). At year end it held assets of $307k against liabilities of $4,135, net assets of $303k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.