Washington Little Capitals Inc

Analysis

Washington Little Capitals Inc is a registered charity in United States, based in Lorton, VA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2023, Washington Little Capitals Inc reported income of $838k and spending of $957k, spending 114% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $720k to $838k (+16%), an average of +5.2% a year. The sharpest change came in the year to April 2021, when income rose by 39%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington Little Capitals Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Indy Titans Inc ($837k), Central Mass Juniors Volleyball Club ($838k) and Franconia Ski Club ($837k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $230k (24% of expenses). At year end it held assets of $112k against liabilities of $0, net assets of $112k.