Catalyst Community Capital Inc

Analysis

Catalyst Community Capital Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2022, Catalyst Community Capital Inc reported income of $806k and spending of $649k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $334k to $806k (+141%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 176%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catalyst Community Capital Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Grace Kitchen ($805k), Community Inclusion & Development Alliance Inc ($806k) and The Economic Alliance for Michigan ($805k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $159k (24% of expenses). Other salaries and wages came to $28k. At year end it held assets of $655k against liabilities of $1.1m, net assets of -$435k. It reported 5 employees.