Calstart Inc

Analysis

Calstart Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Calstart Inc reported income of $169.3m and spending of $172.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $59.0m to $169.3m (+187%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 155%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calstart Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include San Antonio Food Bank Inc ($169.1m), Redwood Coast Developmental Services Corporation ($169.9m) and City Year Inc ($168.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.5m (0.9% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $81.3m against liabilities of $76.6m, net assets of $4.8m. It reported 181 employees.