Cahec Foundation

Analysis

Cahec Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cahec Foundation reported income of $169k and spending of $171k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $573k to $169k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cahec Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Renew Hope ($169k), Goodwill Village West Inc 12-10-92 ($169k) and Woodlands Supportive Housing Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $215k against liabilities of $103k, net assets of $113k.