Institute Capital Inc

Analysis

Institute Capital Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Institute Capital Inc reported income of $6.2m and spending of $3.6m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $6.2m (+298%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute Capital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Pa Irc Network Foundation ($6.2m), CPLC New Mexico Inc ($6.2m) and North Austin Community Center ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $287k (8.0% of expenses). Other salaries and wages came to $374k. At year end it held assets of $31.6m against liabilities of $23.7m, net assets of $7.9m.