INSTITUTE CAPITAL, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO DEVELOP AND/OR PRESERVE AFFORDABLE HOUSING, ENCOURAGE AND STIMULATE COMMUNITY AND ECONOMIC DEVELOPMENT, AND EXPAND ECONOMIC OPPORTUNITIES AND PROVIDE FINANCING FOR COMMUNITY DEVELOPMENT. INSTITUTE CAPITAL INC. IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY AND IS SUPPORTED PRIMARILY BY GOVERNMENT GRANTS AND INCOME FROM LOANS. THE ORGANIZATION'S INVESTMENT AREA INCLUDES NORTH CAROLINA, SOUTH CAROLINA, VIRGINIA, WEST VIRGINIA, KENTUCKY, AND THE DC METRO AREA.
| Year | Grants | Total Giving | Avg Grant | New | Repeat |
|---|---|---|---|---|---|
| 2022 | 5 | $408K | $82K | 1 | 4 |
| 2021 | 6 | $192K | $32K | 0 | 6 |
| 2020 | 11 | $408K | $37K | 11 | 0 |
| 2019 | 1 | $300K | $300K | 1 | 0 |
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024 | $3,302,522 ↓ | $2,489,074 | $8,743,684 |
| 2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023 | $6,193,834 ↑ | $3,585,434 | $7,930,236 |
| 2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022 | $2,867,118 ↑ | $2,586,659 | $5,321,836 |
| 2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021 | $2,459,551 ↑ | $1,291,565 | $5,041,377 |
| 2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020 | $1,596,814 ↑ | $2,383,633 | $3,873,391 |
| 2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019 | $1,555,761 ↓ | $1,925,413 | $7,185,210 |
| 2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018 | $3,245,215 | $1,344,121 | $7,655,385 |
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