Capital Fringe Inc

Analysis

Capital Fringe Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2005, 21 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 December 2023, Capital Fringe Inc reported income of $489k and spending of $673k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $962k to $489k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 860%. Over the whole period it spent 691% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Fringe Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 43rd percentile within DC. Charities of a similar size with the same main cause include Hagood Mill Foundation ($489k), Rhetoric Society of America ($489k) and Miami Hispanic Ballet Corp ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $100k (15% of expenses). Other salaries and wages came to $25k. At year end it held assets of $962k against liabilities of $1,097, net assets of $961k. It reported 1 employees.