Capitol Lakes Inc

Analysis

Capitol Lakes Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Capitol Lakes Inc reported income of $21.8m and spending of $24.5m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $22.9m to $21.8m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to September 2022, when income rose by 54%. 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, Capitol Lakes Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include The Village Family Services Inc ($21.8m), Move for Hunger Inc ($21.8m) and Community Action Council of Lewis Mason and Thurston Counties ($21.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $304k (1.2% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $41.9m against liabilities of $94.7m, net assets of -$52.9m. It reported 439 employees.