Is Capital City Arts Initiative Legit?

Capital City Arts Initiative demonstrates consistent financial stability with a healthy program spending ratio. In the latest filing (202406), the organization reported revenues of $60,105 against expenses of $59,433, indicating a slight surplus. Over the past five years, revenues have fluctuated, but the organization has generally managed its expenses well, maintaining positive net assets. The absence of liabilities across all reported periods is a strong indicator of sound financial management and low financial risk. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with 14 filings available, and the explicit reporting of 0% officer compensation, which is a positive sign for a small nonprofit. The organization's assets have grown over time, from $11,072 in 2017 to $41,861 in 2024, suggesting prudent financial stewardship and an ability to build reserves.