Cal-Met Development Incorporated

Analysis

Cal-Met Development Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 October 2023, Cal-Met Development Incorporated reported income of $1.6m and spending of $2.6m, spending 165% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.4m to $1.6m (+12%), an average of +2.9% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cal-Met Development Incorporated sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Independent Living Resource Center San Francisco ($1.6m), Jamestown Fire Department ($1.6m) and Hunt County Fair Association Inc ($1.6m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $216k. At year end it held assets of $3.0m against liabilities of $6.0m, net assets of -$3.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.