Casa

Analysis

Casa is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1992, 34 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 June 2023, Casa reported income of $10.4m and spending of $8.6m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $10.4m (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Proud Ground ($10.4m), Augusta Homes ($10.4m) and Equinox Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $293k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $54.7m against liabilities of $40.7m, net assets of $14.0m. It reported 39 employees.