Capstone Education Group Inc

Analysis

Capstone Education Group Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Capstone Education Group Inc reported income of $23.8m and spending of $20.3m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $15.7m to $23.8m (+52%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capstone Education Group Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Association for Diagnostics & Laboratory Medicine Inc ($23.8m), Auxiliary Services Corporation of Suny Cortland ($23.9m) and Wayside Schools ($23.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $982k (4.8% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $27.4m against liabilities of $683k, net assets of $26.7m. It reported 238 employees.