Cast Hope

Analysis

Cast Hope is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Cast Hope reported income of $344k and spending of $388k, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $275k to $344k (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cast Hope sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Geneva Center of Concern Inc ($344k), Institute for Middle East Options Inc ($344k) and South Mountain School Parent Teacher Organization Inc ($344k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). Other salaries and wages came to $129k. At year end it held assets of $104k against liabilities of $0, net assets of $104k. It reported 6 employees.