Capital Area Preservation Inc

Analysis

Capital Area Preservation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Capital Area Preservation Inc reported income of $932k and spending of $286k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $443k to $932k (+110%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Area Preservation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Iqra International Educational Foundation Inc ($932k), Asian American Arts Alliance ($932k) and Illinois Philharmonic Orchestra ($931k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 16% of the total. Other salaries and wages came to $176k. At year end it held assets of $8.9m against liabilities of $128k, net assets of $8.8m. It reported 2 employees.