Cascade Housing Association

Analysis

Cascade Housing Association is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Cascade Housing Association reported income of $14.9m and spending of $15.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $14.9m (+18%), an average of +4.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cascade Housing Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Valley Charities Inc ($14.9m), Memphis Health Center Inc ($14.9m) and Keystone Blind Association ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $353k (2.3% of expenses). Other salaries and wages came to $151k. At year end it held assets of $85.8m against liabilities of $68.6m, net assets of $17.2m. It reported 5 employees.