Cab Calloway School Fund

Analysis

Cab Calloway School Fund is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Cab Calloway School Fund reported income of $354k and spending of $397k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $276k to $354k (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cab Calloway School Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 59th percentile within DE. Charities of a similar size with the same main cause include Ucs University of California ($354k), Oakhill Christian School Ltd ($354k) and Ohio Christian Academy Inc ($354k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $141k. It paid $800 in professional fundraising fees. At year end it held assets of $306k against liabilities of $13k, net assets of $293k. It reported 65 employees.