Capitol Technology University

Analysis

Capitol Technology University is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in February 1965, 61 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 2023, Capitol Technology University reported income of $17.9m and spending of $17.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.5m to $17.9m (+15%), an average of +3.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capitol Technology University sits at the 96th 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 96th percentile within MD. Charities of a similar size with the same main cause include Lowell School Inc ($17.9m), Cornerstone Charter Academy Inc ($17.9m) and Guilford County Partnership for Children Inc ($17.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $611k (3.5% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $27.6m against liabilities of $5.4m, net assets of $22.2m. It reported 321 employees.