Capitalists for Shared Income

Analysis

Capitalists for Shared Income is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in November 2021, 5 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, Capitalists for Shared Income reported income of $108k and spending of $48k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $108k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Capitalists for Shared Income sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Rotary Club of Peachtree City Foundation Inc ($108k), Thomas a Costello Legacy Foundation ($108k) and Moms Haven of Hope ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.