Capital City Education Foundation Inc

Analysis

Capital City Education Foundation Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 City Education Foundation Inc reported income of $348k and spending of $104k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $348k (-83%), an average of -36% a year. The sharpest change came in the year to December 2021, when income rose by 350%. Over the whole period it spent 8.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Capital City Education Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Truscott Community Foundation ($348k), Keatons Kindness Foundation ($348k) and Team Everest USA ($348k).

At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.