Capstone Adaptive Learning and Therapy Centers Inc

Analysis

Capstone Adaptive Learning and Therapy Centers Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Capstone Adaptive Learning and Therapy Centers Inc reported income of $3.2m and spending of $3.8m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.3m to $3.2m (-26%), an average of -7.3% a year. The sharpest change came in the year to September 2023, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Capstone Adaptive Learning and Therapy Centers Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Danforth Habilitation Association ($3.2m), Midlands Diabetes Education and Self Help Center ($3.2m) and Promesa Foundation Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $188k (4.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.3m against liabilities of $1.4m, net assets of $3.8m. It reported 101 employees.