Cahec Properties Corporation

Analysis

Cahec Properties Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cahec Properties Corporation reported income of $2.6m and spending of $1.4m, leaving 46% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cahec Properties Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Westminster Rescue Mission Inc ($2.6m), San Benito County Community Services Development Corporation ($2.6m) and Southside Community Development and Housing Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $370k. At year end it held assets of $15.1m against liabilities of $7.4m, net assets of $7.7m. It reported 7 employees.