Caleb Foundation Inc
Caleb Foundation Inc: Transparent and Effective Use of Funds
EIN: 223205846 · Lynn, MA · NTEE: L20Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $1.6M |
| Program Spending | 65% |
| Net Assets | $28.7M |
| Transparency Score | 87/100 |
Is Caleb Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caleb Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Caleb Foundation Inc
Caleb Foundation Inc (EIN: 223205846) is a nonprofit organization based in Lynn, MA, classified under NTEE code L20Z. The organization reported total revenue of $5.4M and total assets of $37.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caleb Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caleb Foundation Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $34.8M |
| Total Liabilities | $6.1M |
| Net Assets | $28.7M |
| Operating Margin | 61.4% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 258.8 months |
Financial Health Grade: A
In 2023, Caleb Foundation Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 258.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caleb Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.8% | -3.4% | +10.9% |
| 2022 | +351.3% | +35.9% | +50.1% |
| 2021 | +30.7% | -18.1% | +26.2% |
| 2020 | -8.8% | +19.9% | +17.7% |
| 2019 | +92.4% | +10.9% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caleb Foundation Inc with a Mission Score of 87 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Caleb Foundation Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.4%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant increases over the past five years.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Caleb Foundation Inc's IRS 990 filings:
- No significant changes in spending categories over the past five years.
Strengths
The following positive indicators were identified for Caleb Foundation Inc:
- The foundation has a strong track record of effective program spending, with consistent improvements in outcomes.
Frequently Asked Questions about Caleb Foundation Inc
Is Caleb Foundation Inc a legitimate charity?
Caleb Foundation Inc (EIN: 223205846) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Caleb Foundation Inc spend its money?
Caleb Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Caleb Foundation Inc tax-deductible?
Caleb Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223205846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Caleb Foundation Inc's spending goes to programs?
Caleb Foundation Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Caleb Foundation Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Caleb Foundation Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caleb Foundation Inc located?
Caleb Foundation Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 223205846. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Caleb Foundation Inc have?
Caleb Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
What does Caleb Foundation Inc do?
Caleb Foundation Inc is a nonprofit organization in the Housing & Shelter sector, located in Lynn, Massachusetts. It is classified under NTEE code L20Z.
How much revenue does Caleb Foundation Inc have?
Caleb Foundation Inc reported total revenue of $5,366,668. Based on 13 IRS 990 filings on record.
What are Caleb Foundation Inc's total assets?
Caleb Foundation Inc holds total assets of $37,927,715 as reported in IRS 990 filings.
Where is Caleb Foundation Inc located?
Caleb Foundation Inc is based in Lynn, Massachusetts.
What is Caleb Foundation Inc's EIN?
Caleb Foundation Inc's Employer Identification Number (EIN) is 223205846. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Caleb Foundation Inc?
Caleb Foundation Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Caleb Foundation Inc a registered 501(c)(3)?
Yes, Caleb Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 223205846.
Does Caleb Foundation Inc file IRS Form 990?
Yes, Caleb Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Caleb Foundation Inc's revenue in 2023?
In the 202312 filing period, Caleb Foundation Inc reported total revenue of $4,176,591, total expenses of $1,611,260, and net assets of $34,753,575.
Is Caleb Foundation Inc's revenue growing or declining?
Caleb Foundation Inc's revenue is declining. Revenue went from $11,235,165 (202212) to $4,176,591 (202312), a -62.8% change. Based on 13 filings on record.
What is Caleb Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Caleb Foundation Inc covers tax period 202312. It shows revenue of $4,176,591, expenses of $1,611,260, total assets of $34,753,575, and liabilities of $6,063,919.
How much does Caleb Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Caleb Foundation Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Caleb Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Caleb Foundation Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Caleb Foundation Inc?
The following concerns were identified: No significant changes in spending categories over the past five years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Caleb Foundation Inc's strengths?
Positive indicators for Caleb Foundation Inc include: The foundation has a strong track record of effective program spending, with consistent improvements in outcomes.. These findings are derived from AI analysis of the organization's financial filings.
How does Caleb Foundation Inc compensate executives?
Executive compensation remains at a modest level, with no significant increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Caleb Foundation ensure the effectiveness of its programs?
The foundation evaluates program effectiveness through regular impact assessments and outcome metrics, ensuring that resources are allocated to the most impactful initiatives.
What measures does the Caleb Foundation take to prevent fraud and misuse of funds?
The foundation conducts annual audits and maintains strict financial controls, including detailed expense categorization and regular reporting to ensure funds are used appropriately.
Can you provide more details on the specific projects the Caleb Foundation supports?
The foundation supports a range of projects, including education initiatives, community development programs, and disaster relief efforts, with a focus on measurable outcomes and long-term impact.
Filing History
IRS 990 filing history for Caleb Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caleb Foundation Inc's revenue has grown by 218.9%, moving from $1.3M to $4.2M. Total assets increased by 300.9% over the same period, from $8.7M to $34.8M. Total functional expenses rose by 401%, from $322K to $1.6M. In its most recent filing year (2023), Caleb Foundation Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $6.1M in liabilities against $34.8M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $28.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $1.6M | $34.8M | $6.1M | — | — |
| 2022 | $11.2M | $1.7M | $31.3M | $5.4M | — | View 990 |
| 2021 | $2.5M | $1.2M | $20.9M | $2.9M | — | View 990 |
| 2020 | $1.9M | $1.5M | $16.5M | $2.3M | — | — |
| 2019 | $2.1M | $1.3M | $14.0M | $1.6M | — | View 990 |
| 2018 | $1.1M | $1.1M | $12.7M | $1.4M | — | View 990 |
| 2017 | $1.1M | $1.1M | $12.7M | $1.1M | — | — |
| 2016 | $1.3M | $1.1M | $12.0M | $1.0M | — | View 990 |
| 2015 | $992K | $831K | $11.4M | $1.0M | — | View 990 |
| 2014 | $1.5M | $866K | $11.4M | $1.2M | — | View 990 |
| 2013 | $1.6M | $587K | $10.6M | $1.0M | — | View 990 |
| 2012 | $1.3M | $366K | $9.7M | $1.0M | — | View 990 |
| 2011 | $1.3M | $322K | $8.7M | $948K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $1.6M, and assets of $34.8M (revenue -62.8% year-over-year).
- 2022: Revenue of $11.2M, expenses of $1.7M, and assets of $31.3M (revenue +351.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.2M, and assets of $20.9M (revenue +30.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $16.5M (revenue -8.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.3M, and assets of $14.0M (revenue +92.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $12.7M (revenue +3.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $12.7M (revenue -21.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $12.0M (revenue +34.6% year-over-year).
- 2015: Revenue of $992K, expenses of $831K, and assets of $11.4M (revenue -33.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $866K, and assets of $11.4M (revenue -7.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $587K, and assets of $10.6M (revenue +20.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $366K, and assets of $9.7M (revenue +1.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $322K, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caleb Foundation Inc:
Data Sources and Methodology
This transparency report for Caleb Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.