Casa Inc

Analysis

Casa Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Casa Inc reported income of $20.2m and spending of $23.1m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $20.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Casa Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Disabled American Veterans Charitable Service Trust ($20.2m), Western Interstate Commission for Higher Education ($20.2m) and Nourishing Hope ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $422k (1.8% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $31.3m against liabilities of $4.5m, net assets of $26.8m. It reported 229 employees.