Cassia

Analysis

Cassia is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cassia reported income of $2.1m and spending of $1.7m, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.5m to $2.1m (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cassia sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Independent Catholic Foundation ($2.1m), Friends in Action International Inc ($2.1m) and Chayenu Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Other salaries and wages came to $486k. At year end it held assets of $6.5m against liabilities of $3.1m, net assets of $3.4m. It reported 6 employees.