Capitol View Transitional Care

Analysis

Capitol View Transitional Care is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capitol View Transitional Care reported income of $6.7m and spending of $7.7m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $6.7m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Capitol View Transitional Care sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Northwest Home for the Aged ($6.7m), Southwestern Illinois Visiting Nurse Association ($6.7m) and Wray Community District Hospital ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$141k. It reported 145 employees.

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.