Capitol Area Community Development Corporation

Analysis

Capitol Area Community Development Corporation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Capitol Area Community Development Corporation reported income of $1.8m and spending of $80k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $108 to $1.8m (+1666567%), an average of +1036% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 3.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Capitol Area Community Development Corporation 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 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Martinsburg Union Rescue Mission Inc ($1.8m), Reynolds House Non-Profit Corporation ($1.8m) and Villa Mercede Community Urban Redevelopment Corporation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.5m against liabilities of $3,310, net assets of $6.5m.