Cal Maritime Corporation

Analysis

Cal Maritime Corporation is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cal Maritime Corporation reported income of $6.1m and spending of $6.2m, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $4.6m to $6.1m (+33%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cal Maritime Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Virgin Islands Montessori School Inc ($6.1m), Silicon Slopes ($6.1m) and Mohave Accelerated Elementary School Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $284k against liabilities of $6,087, net assets of $278k.