Joe and Kay Calvanese Foundation Incorporated

Analysis

Joe and Kay Calvanese Foundation Incorporated is a registered charity in United States, based in Plantsville, CT. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Joe and Kay Calvanese Foundation Incorporated reported income of $63k and spending of $88k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $63k (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 465%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joe and Kay Calvanese Foundation Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include East Elmhurst Corona Civic Association Inc ($63k), Proper Giving ($63k) and Alameda Community Fund ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $621k against liabilities of $0, net assets of $621k.