Cappies of the National Capital Area

Analysis

Cappies of the National Capital Area is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Cappies of the National Capital Area reported income of $278k and spending of $228k, spending 82% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $204k to $278k (+36%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 62%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cappies of the National Capital Area sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Untitled Art Space Inc ($278k), American Museum Tort Law Inc ($278k) and Latchis Arts Inc ($278k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $37k. At year end it held assets of $165k against liabilities of $206, net assets of $164k.