Capital Certified Development Corporation

Analysis

Capital Certified Development Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, Capital Certified Development Corporation reported income of $8.6m and spending of $7.2m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $8.6m (+49%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital Certified Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Villages Inc ($8.6m), The Arc of Iroquois County ($8.6m) and Diamond Head Theatre ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $423k (5.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $12.3m against liabilities of $2.1m, net assets of $10.2m. It reported 36 employees.