Cass Housing Inc

Analysis

Cass Housing Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Cass Housing Inc reported income of $885k and spending of $587k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $885k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 309%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cass Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include 911 Park Place ($884k), Main and Arnold Senior Housing Inc ($885k) and Christian Campus Ministry ($884k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). Other salaries and wages came to $196k. At year end it held assets of $5.3m against liabilities of $856k, net assets of $4.4m. It reported 8 employees.