Capital & Main

Analysis

Capital & Main is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Capital & Main reported income of $3.2m and spending of $2.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.2m (+149%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 85% 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 & Main sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Conservation Center for Art and Historic Artifacts ($3.2m), California Humanities ($3.2m) and The New Press Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $299k (11% of expenses). Other salaries and wages came to $717k. At year end it held assets of $2.2m against liabilities of $312k, net assets of $1.9m. It reported 10 employees.