Catalyst Rescue Mission Inc

Analysis

Catalyst Rescue Mission Inc is a registered charity in United States, based in Jeffersonvlle, IN. It received its IRS tax-exemption ruling in October 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 (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 Rescue Mission Inc reported income of $433k and spending of $505k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $904k to $433k (-52%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Catalyst Rescue Mission Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Housing Justice League Inc ($432k), Marin Housing for Handicapped Inc ($433k) and SNHS Elderly Housing IV Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $265k. At year end it held assets of $350k against liabilities of $71k, net assets of $279k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.