Capital Public Radio Inc

Analysis

Capital Public Radio Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Capital Public Radio Inc reported income of $18.1m and spending of $20.9m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $18.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Public Radio Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Historic Tennessee Theatre Foundation ($18.0m), Newark Museum Association ($18.2m) and Bermuda Institute of Ocean Sciences Bios Inc ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $914k (4.4% of expenses). Other salaries and wages came to $7.1m. It paid $123k in professional fundraising fees. At year end it held assets of $21.4m against liabilities of $30.9m, net assets of -$9.5m. It reported 124 employees.