The Caleb Group Inc

Analysis

The Caleb Group Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, The Caleb Group Inc reported income of $4.2m and spending of $4.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Caleb Group Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Vernon Woods Retirement Community H CSR ($4.2m), Community Opportunity Fund ($4.2m) and Caleb Foundation Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $177k (3.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $1.9m against liabilities of $910k, net assets of $999k. It reported 103 employees.