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Capital Concerts
Capital Concerts reported $14.8 million in revenue and $14.7 million in expenses for calendar year 2024. Of every $100 it spent, $93.78 went to program services, $5.82 to management and general costs and $0.40 to fundraising. Its largest source of revenue was contributions and grants: 98.8% of the total. Government grants made up 63.8%. The highest compensation it reported for one person was $554,046 (EXECUTIVE VICE PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 30% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.8% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.8% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 98.8% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 63.8% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $554,046 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.77% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCreation and production of two (2) public concerts telecast nationally over public television and radio. The "national memorial day concert" remembers and honors those who have served and are currently serving in the U.S. Armed forces. "a capitol fourth," is a fourth of july concert to celebrate the nation's birth. Concerts are conducted on the west lawn of the U.S. Capitol grounds with the national symphony orchestra and other nationally renowned performers and personalities
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE VICE PRESIDENT Director/trustee, officer, 40.00 hrs/week | $275,000 | $0 | $279,046 | $554,046 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $165,132 | $0 | $39,028 | $204,160 |
| MANAGING DIRECTOR Highest compensated employee, 40.00 hrs/week | $125,817 | $0 | $48,226 | $174,043 |
| TREASURER (NON-VOTING) Officer, 30.00 hrs/week | $132,000 | $0 | $0 | $132,000 |
| ASSOCIATE PRODUCER Highest compensated employee, 40.00 hrs/week | $102,644 | $0 | $10,563 | $113,207 |
5 people received more than $100,000 in reportable compensation from Capital Concerts (Part VII, line 2). Compensation of current officers, directors and key employees totaled $870K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5300
- Volunteers Part I, line 637
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WAHU PRODUCTIONS Talent and promotions producer | $191,542 |
| BERTAM PUBLISHING CO Perfomer services | $150,000 |
| THEATRICAL RESOURCES Stagehand/crew services | $137,744 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Capital Concerts's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Capital Concerts, you can publish a response that is linked from this page.
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Of every $100 Capital Concerts spent in 2024, $93.78 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Storm King Art CenterNew Windsor, NY · revenue $15M · programs 76.2% · 2024
- The Philadelphia Cultural FundPhiladelphia, PA · revenue $15M · programs 95.1% · FY2025
- The Parrish Art MuseumWater Mill, NY · revenue $15M · programs 76.3% · 2024
- San Diego TheatresSan Diego, CA · revenue $15M · programs 73.7% · FY2025
- McCarter Theatre CompanyPrinceton, NJ · revenue $15M · programs 83.5% · FY2025
All arts, culture & humanities charities · Largest charities in District of Columbia
Questions people ask
How much of Capital Concerts's spending goes to programs?
In calendar year 2024, Capital Concerts reported that 93.8% of its $14.7 million in expenses went to program services, 5.8% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Capital Concerts pay its top executive?
The largest total compensation Capital Concerts reported for one person in calendar year 2024 was $554,046, for the role of EXECUTIVE VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Capital Concerts get its money?
Of $14.8 million in revenue in calendar year 2024, 98.8% came from contributions and grants (including 63.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Capital Concerts a registered charity?
The IRS lists EIN 52-2019014 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349302988 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349301782 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349305439 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203189349301735 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133189349301323 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349313883 · read the filing
All filings for EIN 52-2019014: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.