Catalyst Ministries Inc

Analysis

Catalyst Ministries Inc is a registered charity in United States, based in Dayt BCH SH, FL. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, Catalyst Ministries Inc reported income of $107k and spending of $67k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $155k to $107k (-31%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catalyst Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include WSFJ Ministries Inc ($107k), Texas Prison Outreach ($107k) and Revelation 19 Ministries ($107k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.