Catalysis Society of Metropolitan New Yor Inc

Analysis

Catalysis Society of Metropolitan New Yor Inc is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 August 2023, Catalysis Society of Metropolitan New Yor Inc reported income of $77k and spending of $184k, spending 241% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $1.5m to $77k (-95%), an average of -95% a year. The sharpest change came in the year to August 2023, when income dropped by 95%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catalysis Society of Metropolitan New Yor Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Open Space Music Association Inc ($77k), Walpole Footlighters Inc ($77k) and Integrated Arts ($77k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.