Capital Community Foundation Inc

Analysis

Capital Community Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Capital Community Foundation Inc reported income of $554k and spending of $1.2m, spending 223% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.7m to $554k (-93%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Capital Community Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Westfield Memorial Hospital Foundation Inc ($553k), Nichsefa Inc ($554k) and Under the Same Sun Foundation USA ($553k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $120k (9.7% of expenses). Other salaries and wages came to $90k. At year end it held assets of $19.8m against liabilities of $0, net assets of $19.8m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.