Capital Innovation Lab Inc

Analysis

Capital Innovation Lab Inc is a registered charity in United States, based in Jericho, VT. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Innovation Lab Inc reported income of $170k and spending of $158k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $170k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capital Innovation Lab Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 41st percentile within VT. Charities of a similar size with the same main cause include Milestown Community Improvement Inc ($170k), Community Reflections Inc ($170k) and Dont Waste Durham Inc ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $24k against liabilities of $1,125, net assets of $23k.