Capital Payee Inc

Analysis

Capital Payee Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 2014, 12 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, Capital Payee Inc reported income of $309k and spending of $290k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $279k to $309k (+11%), an average of +11% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Payee Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Mothers Milk Bank of Mississippi ($309k), Ray of Sunshine Foundation Inc ($309k) and Shine the Light Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $220k (76% of expenses). At year end it held assets of $54k against liabilities of $0, net assets of $54k.