Caleb Housing Corporation

Analysis

Caleb Housing Corporation is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in March 2017, 9 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 Housing Corporation reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $778k to $1.1m (+36%), an average of +8.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caleb Housing Corporation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Kokomo Ministries Inc ($1.1m), Telacu Senior Court Inc ($1.1m) and Next Step Network Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $8.5m against liabilities of $8.9m, net assets of -$404k.