Catalyst Missions Group Inc

Analysis

Catalyst Missions Group Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 2003, 23 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, Catalyst Missions Group Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $1.3m (+284%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catalyst Missions Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Fellowship of the Sword Inc ($1.3m), Friends Publishing Corporation ($1.3m) and Get a Life Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $50k (3.9% of expenses). Other salaries and wages came to $16k. At year end it held assets of $3,310 against liabilities of $45k, net assets of -$42k. 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.