Altcap
Public records raise at least one point you should look into before giving.
What it says it does
To be a catalyst for investment in Kansas City metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.
- Income
- $3.8 million
- Spending
- $9.4 million
- Employees
- 32
- Volunteers
- 150
- Highest pay
- $247,880, market president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $3.2 million spent. LENDING IN 2024, THE ORGANIZATION CONTINUED TO DEPLOY NEEDED FINANCING TO UNDERSERVED AND OVERLOOKED ENTREPRENEURS. THE ORGANIZATION WAS ABLE EXPAND ITS REACH TO MORE COMMUNITIES AND SERVE MORE ENTREPRENEURS, PROVIDING ACCESS TO CAPITAL TO SUPPORT NEW, SMALL BUSINESS CREATION AS WELL AS SUPPORT THE GROWTH OF EXISTING SMALL BUSINESSES. IN ADDITION TO SMALL BUSINESS AND MICRO LOANS, THE ORGANIZATION INCREASED THE AVAILABILITY, ACCESSIBILITY AND FLEXIBILITY OF ITS CAPITAL BY OFFERING REVENUE-BASED FINANCING LOANS TO ENTREPRENEURS.
- $4.3 million spent. SMALL BUSINESS DEVELOPMENT THE ORGANIZATION PROVIDES IN-KIND SERVICE/RESOURCES TO AN AFFILIATE ORGANIZATION THAT INVEST IN INNOVATIVE AND MEASURABLE COMMUNITY DEVELOPMENT THAT ALIGNS WITH AND STRENGTHENS THE FINANCIAL, HUMAN, AND SOCIAL CAPITAL OF UNDER-RESOURCED NEIGHBORHOODS IN THE KANSAS CITY METROPOLITAN REGION. IN 2022, OUR AFFILIATE ORGANIZATION DEPLOYED MORE THAN 3 MILLION TO NEIGHBORHOOD SMALL BUSINESSES TO ASSIST WITH THEIR RECOVERY EFFORTS AFTER THE ECONOMIC IMPACT OF COVID-19. THE ORGANIZATIONS CONTINUED TO OFFER SMALL BUSINESSES TECHNICAL ASSISTANCE DIRECTLY AS WELL AS INDIRECTLY THROUGH PARTNER ENTREPRENEURSHIP SUPPORT ORGANIZATIONS.
- $223,031 spent. NEW MARKET TAX CREDITS SINCE 2008, THE ORGANIZATION HAS PARTICIPATED IN A FEDERAL TAX CREDIT PROGRAM THAT IS USED TO STIMULATE INVESTMENT IN ECONOMICALLY DISTRESSED COMMUNITIES. THE ORGANIZATION CUMULATIVELY HAS DEPLOYED 213 MILLION IN NEW MARKET TAX CREDITS ALLOCATION WHICH WERE USED TO FINANCE JOB CREATING BUSINESSES AND AS A CATALYST FOR REAL ESTATE DEVELOPMENT PROJECTS IN KANSAS CITY METRO AREA.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.