Catalyst for Change Inc

Analysis

Catalyst for Change Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catalyst for Change Inc reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $515k to $1.7m (+224%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Catalyst for Change Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Woods Cooperative Association Inc ($1.7m), Hope Coalition ($1.7m) and Derose HDC Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $409k (25% of expenses). Other salaries and wages came to $684k. At year end it held assets of $846k against liabilities of $520k, net assets of $326k. It reported 24 employees.