Capital Investing in Development and Employment of Adults Inc

Analysis

Capital Investing in Development and Employment of Adults Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Investing in Development and Employment of Adults Inc reported income of $4.3m and spending of $5.6m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.0m to $4.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Investing in Development and Employment of Adults Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Woodlands Foundation Inc ($4.3m), Valdosta-Lowndes County Family YMCA ($4.3m) and Guardian Angel Settlement Association ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $131k (2.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.2m against liabilities of $1.0m, net assets of $3.2m. It reported 35 employees.