Capital Iit Alumni Association Inc

Analysis

Capital Iit Alumni Association Inc is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capital Iit Alumni Association Inc reported income of $1.0m and spending of $375k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,457 to $1.0m (+16038%), an average of +256% a year. The sharpest change came in the year to December 2021, when income rose by 19773%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Iit Alumni Association 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 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Seymour Public Library District ($1.0m), Presentation School Foundation Inc ($1.0m) and So Cal Bearcats Baseball & Softball Club Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $768k against liabilities of $25k, net assets of $743k.