Caps International Inc

Analysis

Caps International Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Caps International Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.0m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caps International Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Retina Research Foundation Permanent Endowment Fund ($3.0m), Samadhi Center Inc ($3.0m) and Emergency Medical Service Institute ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $212k (7.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $662k against liabilities of $5,552, net assets of $657k. It reported 77 employees.