Caspar Inc

Analysis

Caspar Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Caspar Inc reported income of $8.3m and spending of $9.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $8.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caspar Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Bolivar Medical Center Foundation ($8.3m), Hip of Spokane County ($8.4m) and Ozark Independent Living ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 89% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $8.2m against liabilities of $3.4m, net assets of $4.8m. It reported 130 employees.

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.