Caleb Foundation Inc

Analysis

Caleb Foundation Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in September 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caleb Foundation Inc reported income of $4.2m and spending of $1.6m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.2m (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 351%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caleb Foundation 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 The Lamb Foundation ($4.2m), Vernon Woods Retirement Community H CSR ($4.2m) and Community Strategies Group ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 75% of the total. At year end it held assets of $34.8m against liabilities of $6.1m, net assets of $28.7m.