The Cappies Inc

Analysis

The Cappies Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in September 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Cappies Inc reported income of $100k and spending of $32k, leaving 68% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $60k to $100k (+65%), an average of +65% a year. The sharpest change came in the year to August 2023, when income rose by 65%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Cappies Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Elmhurst Choral Union ($100k), Polanki Incorporated ($100k) and Manhattan Chamber Players Inc ($100k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $20k (62% of expenses). Other salaries and wages came to $409. At year end it held assets of $102k against liabilities of $5,953, net assets of $96k.