Five Cap Inc

Analysis

Five Cap Inc is a registered charity in United States, based in Scottville, MI. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Five Cap Inc reported income of $4.9m and spending of $4.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.3m to $4.9m (-7.6%), an average of -1.9% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Five Cap Inc 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 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Rocmnd Area Youth Services Inc ($4.9m), Kencrest Centers ($4.9m) and Hawaii Good Food Alliance ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $307k (6.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.3m. It reported 98 employees.