First Capital Enterprises Inc

Analysis

First Capital Enterprises Inc is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover employment, 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, First Capital Enterprises Inc reported income of $3.2m and spending of $2.0m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.2m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Capital Enterprises Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Ktoo Public Media ($3.2m), Greater Houston Partnershipfoundation ($3.2m) and Ocean County Private Industry Council Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $81k (4.0% of expenses). Other salaries and wages came to $920k. At year end it held assets of $3.8m against liabilities of $228k, net assets of $3.5m. It reported 50 employees.