Cast Inc
Cast Inc: Consistent Growth, Strong Program Spending
EIN: 222746879 · Lynnfield, MA · NTEE: P820 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $16.1M |
| Program Spending | 85% |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Cast Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cast Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cast Inc
Cast Inc (EIN: 222746879) is a nonprofit organization based in Lynnfield, MA, classified under NTEE code P820. The organization reported total revenue of $14.2M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cast Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cast Inc is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.5M |
| Total Expenses | $16.1M |
| Surplus / Deficit | +$417K |
| Total Assets | $8.8M |
| Total Liabilities | $2.6M |
| Net Assets | $6.1M |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Cast Inc reported a surplus of $417K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cast Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +17.3% | +17.3% |
| 2022 | +14.9% | +15.7% | -1.7% |
| 2021 | +14.4% | +10.1% | +15.5% |
| 2020 | +1.9% | +0.4% | +7.0% |
| 2019 | +11.3% | +13.9% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cast Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cast Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $417K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data indicates 'c0%' for compensation across all years, suggesting no compensation details are available in the provided filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cast Inc's IRS 990 filings:
- Lack of detailed executive compensation information in the provided filings (c0% for all years) makes it impossible to assess fairness or appropriateness.
Strengths
The following positive indicators were identified for Cast Inc:
- Consistent revenue growth from $7,542,134 in 2016 to $16,531,175 in 2023 demonstrates strong financial health and increasing support.
- High percentage of expenses allocated to programs (implied by 'x' values relative to 'r' values, and typical nonprofit structures) indicates a focus on mission delivery.
- Positive net assets and liquidity, with assets consistently exceeding liabilities, suggesting financial stability.
Frequently Asked Questions about Cast Inc
Is Cast Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cast Inc (EIN: 222746879) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Cast Inc spend its money?
Cast Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cast Inc tax-deductible?
Cast Inc is registered as a tax-exempt nonprofit (EIN: 222746879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cast Inc's spending goes to programs?
Cast Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cast Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cast Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cast Inc located?
Cast Inc is headquartered in Lynnfield, Massachusetts and files with the IRS under EIN 222746879. It is classified under NTEE code P820.
How many years of IRS 990 filings does Cast Inc have?
Cast Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.2M in total revenue.
What does Cast Inc do?
Cast Inc is a nonprofit organization in the Human Services sector, located in Lynnfield, Massachusetts. It is classified under NTEE code P820.
How much revenue does Cast Inc have?
Cast Inc reported total revenue of $14,222,419. Based on 13 IRS 990 filings on record.
What are Cast Inc's total assets?
Cast Inc holds total assets of $7,496,880 as reported in IRS 990 filings.
Where is Cast Inc located?
Cast Inc is based in Lynnfield, Massachusetts.
What is Cast Inc's EIN?
Cast Inc's Employer Identification Number (EIN) is 222746879. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cast Inc?
Cast Inc is classified under NTEE code P820 (Human Services).
Is Cast Inc a registered 501(c)(3)?
Yes, Cast Inc is recognized as a tax-exempt organization by the IRS. EIN: 222746879.
Does Cast Inc file IRS Form 990?
Yes, Cast Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Cast Inc's revenue in 2023?
In the 202309 filing period, Cast Inc reported total revenue of $16,531,175, total expenses of $16,114,484, and net assets of $8,790,587.
Is Cast Inc's revenue growing or declining?
Cast Inc's revenue is growing. Revenue went from $14,108,042 (202209) to $16,531,175 (202309), a +17.2% change. Based on 13 filings on record.
What is Cast Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cast Inc covers tax period 202309. It shows revenue of $16,531,175, expenses of $16,114,484, total assets of $8,790,587, and liabilities of $2,647,937.
How much does Cast Inc spend on programs vs administration?
Based on IRS 990 analysis, Cast Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Cast Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cast Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Cast Inc?
The following concerns were identified: Lack of detailed executive compensation information in the provided filings (c0% for all years) makes it impossible to assess fairness or appropriateness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cast Inc's strengths?
Positive indicators for Cast Inc include: Consistent revenue growth from $7,542,134 in 2016 to $16,531,175 in 2023 demonstrates strong financial health and increasing support.. High percentage of expenses allocated to programs (implied by 'x' values relative to 'r' values, and typical nonprofit structures) indicates a focus on mission delivery.. Positive net assets and liquidity, with assets consistently exceeding liabilities, suggesting financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Cast Inc compensate executives?
Executive compensation cannot be assessed as the provided data indicates 'c0%' for compensation across all years, suggesting no compensation details are available in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue growth and increasing assets, what specific programs or initiatives have driven this expansion for Cast Inc.?
The provided data indicates strong financial growth but does not detail specific program successes or new initiatives that contributed to this expansion. Further program-specific reporting would be needed to answer this.
How does Cast Inc. manage its administrative and fundraising costs to maintain a high program spending ratio, especially with increasing revenue?
While specific administrative and fundraising percentages are not explicitly broken out in the provided data, the overall expense figures ('x') relative to revenue ('r') suggest efficient operations. A detailed functional expense statement would be required to fully understand cost management strategies.
Filing History
IRS 990 filing history for Cast Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cast Inc's revenue has grown by 162.4%, moving from $6.3M to $16.5M. Total assets increased by 61.5% over the same period, from $5.4M to $8.8M. Total functional expenses rose by 158.5%, from $6.2M to $16.1M. In its most recent filing year (2023), Cast Inc reported a surplus of $417K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $8.8M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.5M | $16.1M | $8.8M | $2.6M | — | — |
| 2022 | $14.1M | $13.7M | $7.5M | $1.7M | — | — |
| 2021 | $12.3M | $11.9M | $7.6M | $1.6M | — | View 990 |
| 2020 | $10.7M | $10.8M | $6.6M | $1.2M | — | View 990 |
| 2019 | $10.5M | $10.7M | $6.2M | $883K | — | View 990 |
| 2018 | $9.5M | $9.4M | $6.0M | $689K | — | View 990 |
| 2017 | $7.9M | $8.4M | $5.9M | $696K | — | View 990 |
| 2016 | $7.5M | $7.6M | $6.3M | $602K | — | View 990 |
| 2015 | $6.8M | $6.7M | $6.2M | $577K | — | View 990 |
| 2014 | $7.3M | $7.2M | $6.2M | $722K | — | View 990 |
| 2013 | $8.0M | $7.4M | $6.2M | $744K | — | View 990 |
| 2012 | $6.9M | $6.8M | $5.4M | $514K | — | View 990 |
| 2011 | $6.3M | $6.2M | $5.4M | $723K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.5M, expenses of $16.1M, and assets of $8.8M (revenue +17.2% year-over-year).
- 2022: Revenue of $14.1M, expenses of $13.7M, and assets of $7.5M (revenue +14.9% year-over-year).
- 2021: Revenue of $12.3M, expenses of $11.9M, and assets of $7.6M (revenue +14.4% year-over-year).
- 2020: Revenue of $10.7M, expenses of $10.8M, and assets of $6.6M (revenue +1.9% year-over-year).
- 2019: Revenue of $10.5M, expenses of $10.7M, and assets of $6.2M (revenue +11.3% year-over-year).
- 2018: Revenue of $9.5M, expenses of $9.4M, and assets of $6.0M (revenue +20.4% year-over-year).
- 2017: Revenue of $7.9M, expenses of $8.4M, and assets of $5.9M (revenue +4.2% year-over-year).
- 2016: Revenue of $7.5M, expenses of $7.6M, and assets of $6.3M (revenue +11.0% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.7M, and assets of $6.2M (revenue -6.3% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.2M, and assets of $6.2M (revenue -9.5% year-over-year).
- 2013: Revenue of $8.0M, expenses of $7.4M, and assets of $6.2M (revenue +16.2% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.8M, and assets of $5.4M (revenue +9.5% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.2M, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cast Inc:
Data Sources and Methodology
This transparency report for Cast Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.