Cape Assist Inc

Analysis

Cape Assist Inc is a registered charity in United States, based in Wildwood, NJ. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Cape Assist Inc reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cape Assist Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Shelby County Community Health Foundation ($2.9m), Health Coalition of Passaic County Inc ($2.9m) and Nevada Cancer Coalition ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $191k, net assets of $2.4m. It reported 27 employees.