Calvert Impact Inc

Analysis

Calvert Impact Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2021, 5 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 Inc reported income of $9.1m and spending of $5.9m, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.0m to $9.1m (+202%), an average of +202% a year. The sharpest change came in the year to December 2023, when income rose by 202%. 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 Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Mavagi Enterprises Inc ($9.0m), Waterfront Partnership of Baltimore Inc ($9.1m) and Marrakech Incorporated ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $53.1m against liabilities of $36.7m, net assets of $16.4m.