Catalyst for Harmony

Analysis

Catalyst for Harmony is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 for Harmony reported income of $278k and spending of $268k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $377k to $278k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catalyst for Harmony sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Jesus Project Ministries ($278k), Chabad Tokyo Japan ($278k) and Abraham Blessing Ministries ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $93k (35% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.4m against liabilities of $1.2m, net assets of $199k. It reported 3 employees.