Capc-Asm

Analysis

Capc-Asm is a registered charity in United States, based in Whittier, CA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Capc-Asm reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.4m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capc-Asm sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Western Reserve Community Fund Inc ($3.4m), Southwest Minnesota Private Industry Council Inc ($3.4m) and Umb Health Sciences Research Park Corporation ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $125k (3.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.9m against liabilities of $219k, net assets of $1.6m. It reported 92 employees.