Cafa Inc

Analysis

Cafa Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cafa Inc reported income of $11.6m and spending of $12.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.8m to $11.6m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cafa Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include University of North Florida Financing Corporation ($11.6m), Valence College Preparatory Charter School ($11.6m) and Massachusetts Green High Performance Computing Center Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $404k (3.3% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $24.5m against liabilities of $26.9m, net assets of -$2.4m. It reported 181 employees.