Cascade Cluster Apartment Associates

Analysis

Cascade Cluster Apartment Associates is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in January 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cascade Cluster Apartment Associates reported income of $91k and spending of $69k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $54k to $91k (+69%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cascade Cluster Apartment Associates sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include Robertson Residential Center Inc ($91k), Douglas County Ventures Inc ($91k) and Family Shelter of the Bitterroot Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 50% of the total. At year end it held assets of $114k against liabilities of $152k, net assets of -$39k.