Capitol Ministries

Analysis

Capitol Ministries is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in December 1985, 41 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 2023, Capitol Ministries reported income of $2.2m and spending of $2.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Capitol Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Moments of Hope Outreach Inc ($2.2m), Blowing Rock Charity Horse Show Foundation Inc ($2.2m) and United Way of West Central Ms ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $305k (11% of expenses). Other salaries and wages came to $524k. At year end it held assets of $605k against liabilities of $244k, net assets of $361k. It reported 15 employees.