The Catalyst Center for Business & Entrepreneurship

Analysis

The Catalyst Center for Business & Entrepreneurship is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Catalyst Center for Business & Entrepreneurship reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $628k to $1.6m (+160%), an average of +27% a year. The sharpest change came in the year to September 2020, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Catalyst Center for Business & Entrepreneurship sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Greater Newark Enterprises Corporation ($1.6m), Neighborhood Leadership Institute ($1.6m) and Destination Caldwell Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $123k (6.7% of expenses). Other salaries and wages came to $479k. At year end it held assets of $540k against liabilities of $176k, net assets of $365k. It reported 11 employees.