Cast Inc

Analysis

Cast Inc is a registered charity in United States, based in Lynnfield, MA. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cast Inc reported income of $16.5m and spending of $16.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.5m to $16.5m (+57%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cast Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Futures First Inc ($16.5m), Providence House Inc ($16.5m) and Thurston County Food Bank ($16.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $504k (3.1% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $8.8m against liabilities of $2.6m, net assets of $6.1m. It reported 68 employees.