Catalytic Foundation

Analysis

Catalytic Foundation is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Catalytic Foundation reported income of $64k and spending of $107k, spending 166% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $202k to $64k (-68%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catalytic Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Vining Center Inc ($64k), Southwest Prison Ministries Inc ($64k) and Restoration Christian Church Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $50k (47% of expenses). Other salaries and wages came to $25k. At year end it held assets of $15k against liabilities of $1,612, net assets of $13k. It reported 5 employees.