Calidad Industries Inc

Analysis

Calidad Industries Inc is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover employment, 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, Calidad Industries Inc reported income of $7.7m and spending of $6.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calidad Industries 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Honor Foundation ($7.7m), Northeast Mississippi Planning and Development District Inc ($7.7m) and KML Carpenters Apprenticeship and Training Fund ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $200k (2.9% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $4.2m against liabilities of $718k, net assets of $3.5m. It reported 95 employees.