Catalyst for Payment Reform Inc

Analysis

Catalyst for Payment Reform Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Catalyst for Payment Reform Inc reported income of $1.4m and spending of $1.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.4m (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catalyst for Payment Reform Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Sero Project Inc ($1.4m), Harness Horsemens Health and Retirement Inc ($1.4m) and Colorado Meth Project Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $778k (49% of expenses). Other salaries and wages came to $231k. At year end it held assets of $344k against liabilities of $336k, net assets of $7,522. It reported 9 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.