Capitol Child Development Center Inc

Analysis

Capitol Child Development Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capitol Child Development Center Inc reported income of $764k and spending of $666k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $933k to $764k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capitol Child Development Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Center for Dialogue and Resolution Inc ($764k), Springfield First Aid Squad Inc ($764k) and Habitat for Humanity International Inc ($764k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $358k. At year end it held assets of $336k against liabilities of $101k, net assets of $235k. It reported 17 employees.