Capitol Retirement Village Inc

Analysis

Capitol Retirement Village Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Capitol Retirement Village Inc reported income of $569k and spending of $754k, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $567k to $569k (+0.4%), an average of +0.1% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Capitol Retirement Village Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Rcil-Rochester Barrier Free Housing Corporation ($569k), Ahepa 232 III Inc ($569k) and Texas Community Builders ($569k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $3.5m against liabilities of $5.3m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.