Catalyst Development Corporation

Analysis

Catalyst Development Corporation is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in December 2017, 9 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, Catalyst Development Corporation reported income of $186k and spending of $173k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $289k to $186k (-36%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 2049%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Catalyst Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Alcester Village Inc ($186k), Margaret B Mack Supportive Housingcorporation ($186k) and Prairie Homes ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $409k against liabilities of $149k, net assets of $260k.