Cascap Inc

Analysis

Cascap Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1974, 52 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 2023, Cascap Inc reported income of $375k and spending of $143k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $917k to $375k (-59%), an average of -20% a year. The sharpest change came in the year to June 2022, when income dropped by 68%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cascap Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Uc Independent Inc ($374k), Cedar Development Inc ($375k) and 6-8 Inc ($374k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 69% of the total. At year end it held assets of $1.6m against liabilities of $621k, net assets of $1.0m.