Richard and Ida Calhoun Fund

Analysis

Richard and Ida Calhoun Fund is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in October 2020, 6 years ago. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richard and Ida Calhoun Fund reported income of $1.7m and spending of $62k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.6m to $1.7m (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 0.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard and Ida Calhoun Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Maccanon Brown Homeless Sanctuary Inc ($1.7m), Center for Active Seniors Inc ($1.7m) and Ravalli County Council on Aging ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.