Capital Recovery Center

Analysis

Capital Recovery Center is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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, Capital Recovery Center reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.8m (+100%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital Recovery Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include St Louis Gymnastic Centre ($2.8m), Devou Properties Inc ($2.8m) and Labor Mobility Partnerships Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $70k (2.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $811k, net assets of $490k. It reported 36 employees.