Casting for Hope

Analysis

Casting for Hope is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Casting for Hope reported income of $180k and spending of $231k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $180k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Casting for Hope sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Care Net Pregnancy Resources of Warren County Inc ($180k), Rightway Club Inc ($180k) and Cato Volunteer Fire Department ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 20% of the total. At year end it held assets of $216k against liabilities of $2,668, net assets of $213k.