H Cap Inc
H Cap Inc experiences rapid growth but faces recent deficits and increasing liabilities.
EIN: 134240990 · New York, NY · NTEE: S50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $5.6M |
| Program Spending | 70% |
| Net Assets | $496K |
| Transparency Score | 65/100 |
Is H Cap Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
H Cap Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About H Cap Inc
H Cap Inc (EIN: 134240990) is a nonprofit organization based in New York, NY, classified under NTEE code S50. The organization reported total revenue of $10.5M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H Cap Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H Cap Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-158,731 |
| Total Assets | $2.1M |
| Total Liabilities | $1.6M |
| Net Assets | $496K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 76.3% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, H Cap Inc reported a deficit of $159K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 76.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), H Cap Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.6% | +34.6% | +82.6% |
| 2022 | +0.7% | +45.4% | -25.8% |
| 2021 | +37.6% | +28.8% | +58.4% |
| 2020 | +21.5% | +17.4% | +38.0% |
| 2019 | +6.6% | +3.4% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates H Cap Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, H Cap Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $159K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation was paid to officers, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of H Cap Inc's IRS 990 filings:
- Expenses exceeding revenue in recent periods (e.g., 202312 and 202212), indicating operational deficits.
- Significant increase in liabilities relative to assets, reaching $1,601,954 in 202312, which could pose financial risk.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency assessment.
Strengths
The following positive indicators were identified for H Cap Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Significant revenue growth over the past decade, from $577,062 in 2014 to $5,471,529 in 2023, demonstrating strong fundraising capacity.
- Substantial asset growth, from $204,706 in 2014 to $2,098,308 in 2023, indicating an expanding organizational footprint.
Frequently Asked Questions about H Cap Inc
Is H Cap Inc a legitimate charity?
H Cap Inc (EIN: 134240990) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.5M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does H Cap Inc spend its money?
H Cap Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to H Cap Inc tax-deductible?
H Cap Inc is registered as a tax-exempt nonprofit (EIN: 134240990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of H Cap Inc's spending goes to programs?
H Cap Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does H Cap Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), H Cap Inc is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is H Cap Inc located?
H Cap Inc is headquartered in New York, New York and files with the IRS under EIN 134240990. It is classified under NTEE code S50.
How many years of IRS 990 filings does H Cap Inc have?
H Cap Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.5M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses for H Cap Inc?
The provided data does not include a detailed functional expense breakdown, making it difficult to precisely assess spending efficiency beyond total expenses.
Why have expenses exceeded revenue in recent fiscal periods (e.g., 202312 and 202212)?
The filings show that expenses outpaced revenue in 202312 ($5,630,260 vs. $5,471,529) and 202212 ($4,184,014 vs. $3,429,346), which could indicate operational deficits or strategic spending from reserves. Further context from the organization would be needed to understand the reasons.
What is the nature of the significant increase in liabilities, particularly in 202312 ($1,601,954)?
The substantial increase in liabilities relative to assets, especially in 202312, suggests a growing reliance on debt or short-term obligations. The specific types of liabilities are not detailed in the provided summary.
Filing History
IRS 990 filing history for H Cap Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), H Cap Inc's revenue has grown by 152.9%, moving from $2.2M to $5.5M. Total assets increased by 171.3% over the same period, from $773K to $2.1M. Total functional expenses rose by 153%, from $2.2M to $5.6M. In its most recent filing year (2023), H Cap Inc reported a deficit of $159K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $2.1M in assets (debt-to-asset ratio: 76.3%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $5.6M | $2.1M | $1.6M | — | — |
| 2022 | $3.4M | $4.2M | $1.1M | $494K | — | View 990 |
| 2021 | $3.4M | $2.9M | $1.5M | $138K | — | View 990 |
| 2020 | $2.5M | $2.2M | $977K | $94K | — | View 990 |
| 2019 | $2.0M | $1.9M | $708K | $66K | — | — |
| 2018 | $1.9M | $1.8M | $605K | $98K | — | View 990 |
| 2017 | $2.6M | $2.4M | $783K | $348K | — | View 990 |
| 2016 | $1.1M | $1.0M | $604K | $384K | — | View 990 |
| 2015 | $744K | $654K | $344K | $122K | — | View 990 |
| 2014 | $577K | $501K | $205K | $72K | — | View 990 |
| 2013 | $527K | $553K | $171K | $114K | — | View 990 |
| 2012 | $1.6M | $1.7M | $267K | $185K | — | View 990 |
| 2011 | $2.2M | $2.2M | $773K | $620K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $5.6M, and assets of $2.1M (revenue +59.6% year-over-year).
- 2022: Revenue of $3.4M, expenses of $4.2M, and assets of $1.1M (revenue +0.7% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.9M, and assets of $1.5M (revenue +37.6% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.2M, and assets of $977K (revenue +21.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $708K (revenue +6.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $605K (revenue -25.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.4M, and assets of $783K (revenue +143.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $604K (revenue +42.3% year-over-year).
- 2015: Revenue of $744K, expenses of $654K, and assets of $344K (revenue +28.9% year-over-year).
- 2014: Revenue of $577K, expenses of $501K, and assets of $205K (revenue +9.5% year-over-year).
- 2013: Revenue of $527K, expenses of $553K, and assets of $171K (revenue -67.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $267K (revenue -26.0% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $773K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H Cap Inc:
Data Sources and Methodology
This transparency report for H Cap Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.