Capitalplus Exchange Corporation

Analysis

Capitalplus Exchange Corporation is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Capitalplus Exchange Corporation reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $3.8m (+667%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 138% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capitalplus Exchange Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include American Indian Center of Arkansas Inc ($3.8m), Fresh Ministries Inc ($3.8m) and Poverty Solutions Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $623k (17% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.3m against liabilities of $518k, net assets of $780k. It reported 3 employees.