Capstone Ministries Inc

Analysis

Capstone Ministries Inc is a registered charity in United States, based in Mitchell, IN. It received its IRS tax-exemption ruling in December 2006, 20 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, Capstone Ministries Inc reported income of $231k and spending of $245k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $207k to $231k (+12%), an average of +5.7% a year. 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 Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Anacortes Senior Center Advisory Committee ($231k), Friendly Hands Food Bank Inc ($231k) and Moving with Health Oriented Physical Education Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% of the total. At year end it held assets of $167k against liabilities of $21k, net assets of $146k. It reported 10 employees.