Capital Economic Progress Corporation

Analysis

Capital Economic Progress Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Capital Economic Progress Corporation reported income of $115k and spending of $2,600, leaving 98% of income unspent that year. Over the whole period it spent 2.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Economic Progress Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Erlanger Lions Charities Inc ($115k), St James Daycare Inc ($115k) and Almost Home Dog Rescue NC ($115k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $25k, net assets of $1.7m.