Capital Concerts Inc

Analysis

Capital Concerts Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Concerts Inc reported income of $14.8m and spending of $14.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $14.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Concerts Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 91st percentile within DC. Charities of a similar size with the same main cause include Nextcorps Inc ($14.7m), The Louisville Orchestra Inc ($14.8m) and Scottsdale Arts ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $747k (5.3% of expenses). Other salaries and wages came to $3.5m. It paid $42k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $1.2m, net assets of $4.0m. It reported 283 employees.