Casa Caribe Inc

Analysis

Casa Caribe Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Casa Caribe Inc reported income of $509k and spending of $645k, spending 127% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $430k to $509k (+18%), an average of +3.4% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa Caribe Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Cullman Senior Housing Inc ($509k), Dekalb County Residential Development Corporation ($509k) and Missouri Energycare Inc ($509k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $133k. At year end it held assets of $2.5m against liabilities of $4.9m, net assets of -$2.4m.

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.