Caracole Inc

Analysis

Caracole Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caracole Inc reported income of $12.9m and spending of $14.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $12.9m (+18%), an average of +4.3% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caracole 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 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Mercy Housing Lakefront ($12.9m), National Housing Trust ($13.0m) and Human Services Campus Inc ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $432k (3.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $6.1m against liabilities of $1.5m, net assets of $4.6m. It reported 92 employees.