Capitol Lakes Foundation Inc

Analysis

Capitol Lakes Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2009, 17 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 (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, Capitol Lakes Foundation Inc reported income of $350k and spending of $241k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $350k (+145%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 102%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Capitol Lakes Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing VIII Inv ($350k), Reach Project ($350k) and Community Action Network Inc ($350k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $66k. At year end it held assets of $1.8m against liabilities of $31k, net assets of $1.8m.