Mid-Kansas Cap Inc

Analysis

Mid-Kansas Cap Inc is a registered charity in United States, based in Augusta, KS. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Mid-Kansas Cap Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.2m (-4.9%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid-Kansas Cap Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Near North Development Corporation ($1.2m), Better Block Foundation ($1.2m) and Maine Association for New Americans ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $110k (9.9% of expenses). Other salaries and wages came to $272k. At year end it held assets of $1.2m against liabilities of $822k, net assets of $420k. It reported 16 employees.