Cascap Realty Inc

Analysis

Cascap Realty Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 1999, 27 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 Realty Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+25%), an average of +5.7% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cascap Realty 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 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Rising Tide Partners ($2.1m), D O V E Center Inc ($2.1m) and Jewish Home of Central New York Senior Apartments Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $313k. At year end it held assets of $12.8m against liabilities of $17.8m, net assets of -$5.0m.

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.