Overview

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Est.

2018

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

FEDCAP INC is a nonprofit organization dedicated to improving the economic well-being of individuals and families in need through job training initiatives. With an operating budget of $29.1 million and total revenue of $30.2 million for the 2024 filing year, the organization demonstrates significant financial scale and impact. FEDCAP INC does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at www.fedcapinc.org.

Mission Statement

WE SEEK TO IMPROVE THE ECONOMIC WELL-BEING OF INDIVIDUALS & FAMILIES IN NEED.
Revenues
$30.2M
Expenses
$30.7M
Net Income:
-$451.3K
Assets
$16.6M
Liabilities
$6.5M
Net Assets:
+$10.1M
Operating Budget
$29.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5.5K
Largest grant received
$5.5K
S
Serena Powell
Board Member
C
Carol Khoury
Board Member
K
Kenneth Raisler
Board Member

Frequently Asked Questions

What is FEDCAP INC’s budget?
In 2024, FEDCAP INC reported an annual operating budget of around $29.1 million. More detailed financial information is available to registered users.
What causes does FEDCAP INC support?
FEDCAP INC supports work in Job training.
Where does FEDCAP INC operate?
FEDCAP INC is headquartered in New York, NY.
Who funded FEDCAP INC recently?
In 2023, FEDCAP INC received grants from VANGUARD CHARITABLE ENDOWMENT PROGRAM, THE MARC HAAS FOUNDATION INC C/O HBK CPA'S & CONSULTANTS, and WUNSCH FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant FEDCAP INC received in 2023?
The largest grant to FEDCAP INC in 2023 exceeds $5,500.