Calloway Street One Inc

Analysis

Calloway Street One Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in December 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Calloway Street One Inc reported income of $73k and spending of $90k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $68k to $73k (+7.7%), an average of +1.9% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Calloway Street One Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include City First Homes Inc ($73k), Community Apartments Corporation of Metrolina 7 ($73k) and Field of Valor ($73k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 39% of the total. At year end it held assets of $894k against liabilities of $1.3m, net assets of -$453k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.