Calloway Street One Inc
Calloway Street One Inc. consistently operates at a deficit, eroding assets while maintaining high liabilities.
EIN: 20626104 · Salisbury, MD · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $90K |
| Program Spending | 80% |
| Net Assets | $-452,932 |
| Transparency Score | 55/100 |
Is Calloway Street One Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Calloway Street One Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Calloway Street One Inc
Calloway Street One Inc (EIN: 20626104) is a nonprofit organization based in Salisbury, MD, classified under NTEE code L20. The organization reported total revenue of $78K and total assets of $854K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calloway Street One Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Calloway Street One Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $90K |
| Surplus / Deficit | $-16,643 |
| Total Assets | $894K |
| Total Liabilities | $1.3M |
| Net Assets | $-452,932 |
| Operating Margin | -22.8% |
| Debt-to-Asset Ratio | 150.7% |
| Months of Reserves | 119.5 months |
Financial Health Grade: C
In 2023, Calloway Street One Inc reported a deficit of $17K with expenses exceeding revenue, holds 119.5 months of operating reserves (strong position), has a debt-to-asset ratio of 150.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Calloway Street One Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | +0.2% | -1.1% |
| 2022 | +0.4% | -18.9% | -2.1% |
| 2021 | -0.4% | +28.8% | -1.5% |
| 2020 | +7.6% | -6.0% | -1.7% |
| 2019 | +2.2% | -1.8% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Calloway Street One Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Calloway Street One Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all filings, suggesting a volunteer-led executive structure, which is commendable for a small organization but also means there's no executive compensation to analyze relative to organizational size or mission.
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 Calloway Street One Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceed revenue annually)
- Declining asset base over the past decade
- High liabilities relative to assets, indicating potential insolvency risk
- Lack of detailed expense breakdown in provided data to assess spending efficiency
Strengths
The following positive indicators were identified for Calloway Street One Inc:
- Long history of consistent IRS 990 filings (13 filings)
- Stable revenue generation over the past decade, albeit insufficient to cover expenses
- 0% officer compensation, indicating potential volunteer leadership and dedication
Frequently Asked Questions about Calloway Street One Inc
Is Calloway Street One Inc a legitimate charity?
Calloway Street One Inc (EIN: 20626104) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $78K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Calloway Street One Inc spend its money?
Calloway Street One Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Calloway Street One Inc tax-deductible?
Calloway Street One Inc is registered as a tax-exempt nonprofit (EIN: 20626104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Calloway Street One Inc's spending goes to programs?
Calloway Street One Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Calloway Street One Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Calloway Street One Inc is near average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Calloway Street One Inc located?
Calloway Street One Inc is headquartered in Salisbury, Maryland and files with the IRS under EIN 20626104. It is classified under NTEE code L20.
How many years of IRS 990 filings does Calloway Street One Inc have?
Calloway Street One 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 $78K in total revenue.
Is Calloway Street One Inc. financially sustainable?
Based on the consistent deficit spending (expenses exceeding revenue in every reported year, e.g., $89,705 expenses vs. $73,062 revenue in 2023), the organization's current financial model is not sustainable without external intervention or a significant increase in revenue.
What is the trend of the organization's assets and liabilities?
Assets have steadily declined from $1,053,874 in 2014 to $893,503 in 2023, while liabilities have remained consistently high, ranging from $1,200,218 to $1,346,435 over the same period, indicating a worsening balance sheet.
How does the organization cover its operational deficits?
The consistent operational deficits, such as the $16,643 shortfall in 2023, are likely covered by drawing down existing assets or increasing liabilities, as evidenced by the declining asset base and stable high liabilities.
Filing History
IRS 990 filing history for Calloway Street One Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Calloway Street One Inc's revenue has grown by 23.8%, moving from $59K to $73K. Total assets decreased by 16.8% over the same period, from $1.1M to $894K. Total functional expenses rose by 36.2%, from $66K to $90K. In its most recent filing year (2023), Calloway Street One Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $894K in assets (debt-to-asset ratio: 150.7%), resulting in net assets of $-452,932.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $90K | $894K | $1.3M | — | — |
| 2022 | $73K | $90K | $903K | $1.3M | — | View 990 |
| 2021 | $73K | $110K | $922K | $1.3M | — | — |
| 2020 | $73K | $86K | $936K | $1.3M | — | View 990 |
| 2019 | $68K | $91K | $953K | $1.3M | — | View 990 |
| 2018 | $66K | $93K | $970K | $1.3M | — | View 990 |
| 2017 | $63K | $86K | $995K | $1.2M | — | View 990 |
| 2016 | $60K | $79K | $1.0M | $1.2M | — | View 990 |
| 2015 | $63K | $75K | $1.0M | $1.2M | — | View 990 |
| 2014 | $63K | $68K | $1.1M | $1.2M | — | View 990 |
| 2013 | $63K | $70K | $1.1M | $1.2M | — | View 990 |
| 2012 | $64K | $65K | $1.1M | $1.2M | — | View 990 |
| 2011 | $59K | $66K | $1.1M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $73K, expenses of $90K, and assets of $894K (revenue +0.1% year-over-year).
- 2022: Revenue of $73K, expenses of $90K, and assets of $903K (revenue +0.4% year-over-year).
- 2021: Revenue of $73K, expenses of $110K, and assets of $922K (revenue -0.4% year-over-year).
- 2020: Revenue of $73K, expenses of $86K, and assets of $936K (revenue +7.6% year-over-year).
- 2019: Revenue of $68K, expenses of $91K, and assets of $953K (revenue +2.2% year-over-year).
- 2018: Revenue of $66K, expenses of $93K, and assets of $970K (revenue +4.9% year-over-year).
- 2017: Revenue of $63K, expenses of $86K, and assets of $995K (revenue +5.0% year-over-year).
- 2016: Revenue of $60K, expenses of $79K, and assets of $1.0M (revenue -4.1% year-over-year).
- 2015: Revenue of $63K, expenses of $75K, and assets of $1.0M (revenue -0.1% year-over-year).
- 2014: Revenue of $63K, expenses of $68K, and assets of $1.1M (revenue +-0.0% year-over-year).
- 2013: Revenue of $63K, expenses of $70K, and assets of $1.1M (revenue -1.1% year-over-year).
- 2012: Revenue of $64K, expenses of $65K, and assets of $1.1M (revenue +7.6% year-over-year).
- 2011: Revenue of $59K, expenses of $66K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Calloway Street One Inc:
Data Sources and Methodology
This transparency report for Calloway Street One 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.