Capital Region USA Inc

Analysis

Capital Region USA Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capital Region USA Inc reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.6m (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital Region USA Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.6m), Halau Kealaokamaile ($1.6m) and North Central Massachusetts Development Corp ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $119k (8.2% of expenses). Other salaries and wages came to $151k. At year end it held assets of $702k against liabilities of $200k, net assets of $503k. It reported 3 employees.