Castle Cares Community Ministries

Analysis

Castle Cares Community Ministries is a registered charity in United States, based in West Columbia, TX. It received its IRS tax-exemption ruling in June 2019, 7 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, Castle Cares Community Ministries reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.1m to $2.0m (+82%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Castle Cares Community Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Supreme Council Fitzwater Development Corporation ($2.0m), Habitat for Humanity International Inc ($2.0m) and Urban Hope Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $264k (13% of expenses). Other salaries and wages came to $946k. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m. It reported 52 employees.