The Center for Social Capital Inc

Analysis

The Center for Social Capital Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Center for Social Capital Inc reported income of $1.9m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.9m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Center for Social Capital Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Strategic Concepts in Organizing and Policy Education ($1.9m), Central City Economic Opportunity Corporation ($1.9m) and CGCC Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $256k (14% of expenses). Other salaries and wages came to $605k. At year end it held assets of $1.1m against liabilities of $212k, net assets of $867k. It reported 12 employees.