The Cas Foundation Inc

Analysis

The Cas Foundation Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Cas Foundation Inc reported income of $111k and spending of $120k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $503k to $111k (-78%), an average of -31% a year. The sharpest change came in the year to June 2023, when income dropped by 71%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Cas Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Merced High School Band Boosters Inc ($111k), Reavis Community High School Dist 220 Educational Foundation ($111k) and Petersham Montessori School Inc ($111k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $1,500. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.