Casitas Cash

Analysis

Casitas Cash is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in November 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Casitas Cash reported income of $288k and spending of $264k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $288k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casitas Cash sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Notre Dame Housing Inc ($288k), Park Avenue Thorpe Housing Development Fund Corporation ($288k) and Freedom Builders of America ($287k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $66k. At year end it held assets of $624k against liabilities of $1.3m, net assets of -$653k.