New Cassel Inc

Analysis

New Cassel Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Cassel Inc reported income of $9.2m and spending of $8.5m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.5m to $9.2m (-2.8%), an average of -0.9% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Cassel Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include East Co SVCS for ($9.2m), East Boston Social Centers Inc ($9.2m) and Riverside Foundation ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $247k (2.9% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $20.0m against liabilities of $1.8m, net assets of $18.2m. It reported 184 employees.