Calvins Car Lot

Analysis

Calvins Car Lot is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in May 2022, 4 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 March 2024, Calvins Car Lot reported income of $161k and spending of $173k, spending 108% of what it took in. Across the 4 years on record, from March 2021 to March 2024, income fell from $172k to $161k (-6.2%), an average of -2.1% a year. The sharpest change came in the year to March 2023, when income dropped by 23%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvins Car Lot sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Juline Foundation for Children ($161k), The PTA Association of the Center School ($161k) and North American Office-University of Edinburgh Inc ($161k).

At year end it held assets of $27k against liabilities of $968, net assets of $26k.

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.