Community Catalysts Development Company

Analysis

Community Catalysts Development Company is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in July 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, Community Catalysts Development Company reported income of $407k and spending of $342k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $25k to $407k (+1558%), an average of +155% a year. The sharpest change came in the year to December 2021, when income rose by 466%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Catalysts Development Company sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Phac No 1 Inc ($407k), Plano Community Home Phase V Inc ($407k) and Charity on Wheels Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $99k (29% of expenses). At year end it held assets of $2.6m against liabilities of $1.6m, net assets of $1.0m.