Caps Network Inc

Analysis

Caps Network Inc is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Caps Network Inc reported income of $397k and spending of $505k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to June 2023, income fell from $470k to $397k (-15%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caps Network Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include Circle of Sisterhood Foundation Inc ($397k), Excelsior Academy ($397k) and Founders Education Legacy Inc ($397k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $305k (60% of expenses). At year end it held assets of $524k against liabilities of $41k, net assets of $483k. It reported 1 employees.