Catalyst USA

Montgomery, TXUnknown exempt organizationEIN 84-3117525

The mission of catalyst USA is to identify, educate, and train students to promote principles of free market economics, limited government, and american exceptionalism

86¢ of each $1 spent went to programs.
Run by 3 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
-10% vs prior year
Spent
$239K
To programs
86%
Net assets
$19K
By yearFY2020–FY2025
Revenue
$225K
FY2025▼ -10%
Revenue by fiscal year
FY2020$72K
FY2021$268K
FY2022$166K
FY2023$25K
FY2024$250K
FY2025$225K
Expenses
$239K
FY2025▲ +10%
Expenses by fiscal year
FY2020Not on file
FY2021$229K
FY2022$201K
FY2023Not on file
FY2024$218K
FY2025$239K
Net assets
$19K
FY2025▼ -43%
Net assets by fiscal year
FY2020$474
FY2021$40K
FY2022$4K
FY2023$2K
FY2024$33K
FY2025$19K

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CCatalyst USA
EINHdr · item D84-3117525
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMontgomery, TX
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.07 Fundraising $0.07
Program services86%$207K
Management & general7%$16K
Fundraising7%$17K
Total functional expensesLn 25$239K

Financial health

Is it on solid ground?

Surplus margin
-6%
revenue over expenses, this year▼ -150% vs prior filing year
Program spending
86%
of expenses reach programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$19K
FY2025▼ -43%
Total assets by fiscal year
FY2020Not on file
FY2021$40K
FY2022$4K
FY2023Not on file
FY2024$33K
FY2025$19K
Total liabilities
$0
FY2025▼ -100%
Total liabilities by fiscal year
FY2020Not on file
FY2021$0
FY2022$0
FY2023Not on file
FY2024$22
FY2025$0
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$19K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$19K
Total liabilitiesLn 26$0
Total net assetsLn 32$19K
Months of cash on handcomputed0.9

Statement of Revenue

Part VIII
Contributions & grants100%$225K
Total revenueLn 12$225K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $239K
0.9 months
Where the money goes
Program services
Program services $207K · Total expenses $239K
86%
Management & General
Management & general $16K · Total expenses $239K
7%
Fundraising
Fundraising $17K · Total expenses $239K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $16K · Solicited contributions (2-yr avg) $238K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $225K
100%
Government reliance
Government grants — · Total revenue $225K
—
Earned-income share
Program service revenue $0 · Total revenue $225K
0%
Investment reliance
Investment income $0 · Total revenue $225K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $239K
0%
Growth & trend
Revenue growth (YoY)
This year $225K · Prior year $250K
-10%
Revenue CAGR
FY2020 $72K · FY2025 $225K
+25%
Net-asset trend (YoY)
End of year $19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $225K · Expenses $239K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $19K
—
Net-asset ratio
Net assets $19K · Total assets $19K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christian Collins · Reported title PRESIDENT AND EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $239K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $239K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 7%——
Fundraising cost ratio 7%——
Revenue growth -10%——
Accounting fee ratio 2%——
Fundraising fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2020
Christian Collins$52,768$17,000$14,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates and trains students in free market economics and limited government principles.

Provided by the organization

This section is blank until Catalyst USA claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $207K of program spending, described in the organization's own filed words · FY2025.
01

Identified, educated, and trained youth to promote principles of free market economics, limited government, and american exceptionalism.

$207Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $225K$239K-10% 990 PDF
FY2024 $250K$218K×10 990 PDF
FY2023 $25K—-85% 990 PDF
FY2022 $166K$201K-38% 990 PDF
FY2021 $268K$229K+270% 990 PDF
FY2020 $72K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $239,302 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,600 · Management $6,825 · Fundraising $6,825$68,250
IX-10 Payroll taxesPrograms $4,177 · Management $522 · Fundraising $522$5,221
IX-11a Management feesPrograms $0 · Management $2,100 · Fundraising $0$2,100
IX-11c Accounting feesPrograms $0 · Management $3,700 · Fundraising $0$3,700
IX-11e Professional fundraising feesFundraising $8,750$8,750
IX-11g Other fees for servicesPrograms $75,703 · Management $0 · Fundraising $0$75,703
IX-12 Advertising and promotionPrograms $2,200 · Management $0 · Fundraising $0$2,200
IX-13 Office expensesPrograms $0 · Management $299 · Fundraising $0$299
IX-14 Information technologyPrograms $0 · Management $1,625 · Fundraising $0$1,625
IX-17 TravelPrograms $4,983 · Management $623 · Fundraising $623$6,229
IX-24 Other expenses (24a–d)Programs $65,225 · Management $0 · Fundraising $0$65,225
IX-25 Total functional expensesPrograms $206,888 · Management $15,694 · Fundraising $16,720$239,302

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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