Advocap Inc

Analysis

Advocap Inc is a registered charity in United States, based in Fond du Lac, WI. It received its IRS tax-exemption ruling in August 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 December 2023, Advocap Inc reported income of $15.5m and spending of $15.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $15.5m (+19%), an average of +4.4% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advocap Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Southeast Regional Cooperative Inc ($15.5m), Glenkirk ($15.5m) and Central Fairfax Services Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $303k (2.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $12.0m against liabilities of $4.5m, net assets of $7.5m. It reported 203 employees.