Casbo

Analysis

Casbo is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1945, 81 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 June 2023, Casbo reported income of $8.4m and spending of $6.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Casbo sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($8.4m), Community Coordinated Transportation System ($8.4m) and Mra Institute of Management Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $820k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $12.4m against liabilities of $2.1m, net assets of $10.2m. It reported 25 employees.