Catalyst Community Partners

Analysis

Catalyst Community Partners is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catalyst Community Partners reported income of $181k and spending of $486k, spending 269% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $939k to $181k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catalyst Community Partners sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Parents United for Change - Community Organizing and Family Is ($181k), New Capernaum Life Services ($181k) and National Tooling and Machining Foundation Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $1.5m, net assets of $421k.

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.