The Catalyst Foundation

Analysis

The Catalyst Foundation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Catalyst Foundation reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.8m to $3.5m (+92%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Catalyst Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Disciples Village of Tulsa ($3.5m), Manchester Neighborhood Housing Services Inc ($3.5m) and Retirement Community of Fairbanks ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $386k (12% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.0m against liabilities of $219k, net assets of $824k. It reported 41 employees.