Calvert Impact Capital Inc

Analysis

Calvert Impact Capital Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Calvert Impact Capital Inc reported income of $33.4m and spending of $36.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.0m to $33.4m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calvert Impact Capital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Commonwealth Cornerstone Group ($33.0m), National Basketball Association Foundation ($33.5m) and Economic Opportunity Council of Suffolk Inc ($32.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.5m (4.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $689.9m against liabilities of $648.2m, net assets of $41.7m. It reported 46 employees.

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.