Capital Classics Inc

Analysis

Capital Classics Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in August 1992, 34 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 Classics Inc reported income of $112k and spending of $106k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $112k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% 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 Classics Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Suwanee Performing Arts Inc ($112k), New Perspectives Theatre Company Inc ($112k) and Haleiwa Arts Festival ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.