Caleb Cares Inc

Analysis

Caleb Cares Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Caleb Cares Inc reported income of $872k and spending of $240k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $872k (+296%), an average of +296% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 24% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Caleb Cares Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Growing Hope Inc ($871k), Boys & Girls Club of Richland County Montana ($872k) and Transforming Youth Movement ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $862k against liabilities of $27k, net assets of $835k. It reported 1 employees.