Cahec Management Inc

Analysis

Cahec Management Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 2020, 6 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cahec Management Inc reported income of $32.4m and spending of $31.4m, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.3m to $32.4m (+1326%), an average of +142% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cahec Management Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Dignitymoves ($32.3m), Abode Communities ($32.7m) and Montage Living ($32.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.2m (3.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $10.6m against liabilities of $5.4m, net assets of $5.2m. It reported 641 employees.