Capstone Community Action Inc

Analysis

Capstone Community Action Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in June 1965, 61 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 September 2023, Capstone Community Action Inc reported income of $26.5m and spending of $25.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.3m to $26.5m (+73%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capstone Community Action Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Young Mens Christian Association of Metropolitan Denver ($26.5m), Southwestern Community Services Inc ($26.6m) and Food Bank for Larimer County ($26.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $711k (2.8% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $13.8m against liabilities of $4.8m, net assets of $9.1m. It reported 206 employees.