Cape Atlantic I N K Inc

Analysis

Cape Atlantic I N K Inc is a registered charity in United States, based in Mays Landing, NJ. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Cape Atlantic I N K Inc reported income of $13.4m and spending of $12.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $13.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cape Atlantic I N K Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Contexture ($13.4m), Burleson St Joseph Health Center of Caldwell Texas ($13.4m) and Marillac Clinic Inc ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $445k (3.7% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $10.5m against liabilities of $2.1m, net assets of $8.4m. It reported 140 employees.