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 January 2022, 4 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 (gross receipts test) 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 $434k and spending of $408k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.0m to $434k (-91%), an average of -91% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 7.5% 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 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Pocahontas County Family Resource Network ($433k), General Federation of Womens Club ($434k) and Coaches Collective Internationalinc ($433k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $34.7m against liabilities of $29.6m, net assets of $5.0m.