Capital Centers of Virginia

Analysis

Capital Centers of Virginia is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Capital Centers of Virginia reported income of $1.7m and spending of $1.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $776k to $1.7m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Centers of Virginia sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Be Concerned Inc ($1.7m), Choices for Women Resource Center Inc ($1.7m) and Adirondack Mennonite Retirement Community Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $127k (11% of expenses). Other salaries and wages came to $388k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 15 employees.