Massachusetts · Nonprofit
CAPITAL LINK INC
CAPITAL LINK INC (Massachusetts) receives grants from 9 organizations whose IRS filings report $4,700,109 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($3,000,000). 3 of them have funded it in more than one year, and 64% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $4.1M
- Funders on record
- 9
- Grants received
- $4.7M
- Net assets
- $5.6M
What Capital Link Inc does
Mission
Capital link is a national nonprofit organization that provides high-quality, affordable, innovative advisory services related to planning and financing capital projects for nonprofit community health centers to support and expand community-based health care.
As stated on its FY2025 Form 990.
Program
Capital link is dedicated to strengthening and expanding high-quality, community-based health care in a rapidly changing marketplace. We help health centers grow by providing:-industry vision and leadership in the development of capitalization strategies for facilities and operational expansion;-metrics and analytical services for measuring health center impact, evaluating financial and operating trends and promoting performance improvement;-direct assistance to health centers and complementary nonprofits in planning and financing operational growth and capital needs.
$2,508,342 spent$1,744,866 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $2,508,342.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.4M to $5.9M (+147%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 27% · 2018 29% · 2019 34% · 2020 33% · 2021 50% · 2022 40% · 2023 39% · 2024 18% · 2025 29%. Grants only. Government contracts and fees sit inside program revenue.
53% of CAPITAL LINK INC’s revenue is contributions — more donation-reliant than the typical peer (51% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rebecca Regan
Chief executive officer
Board chair
Michael Curry Esq
Board chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base held at 2 funders, grant income rose $175k → $3.1M.
1 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 64% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $1.1M from one payer (the payer shares this organization's board, largest Community Health Center Capital Fund Inc). These are real filings, and they are not money CAPITAL LINK INC raised.
From the IRS filings of CAPITAL LINK INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CAPITAL LINK INC leans on a few funders — its largest provides 64% of grant income and the top three 83%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
84% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CAPITAL LINK INC.
Largest funder’s share by year: 2017 86% · 2019 100% · 2020 53% · 2021 100% · 2022 53% · 2023 97% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of CAPITAL LINK INC's funders are still giving 3 years after their first grant; 33% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
64% of CAPITAL LINK INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.7M that is directly attributable, 82% of it comes from funders outside Massachusetts, across 5 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.0M arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CAPITAL LINK INC holds deeper cash reserves than three-quarters of the 4,665 health nonprofits its size.
this organization peer median middle 50% of peers· 4,665 health nonprofits $1M–$10M, FY2025
Government funding CAPITAL LINK INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10.4M on record.
- Department of Health and Human Services$10.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CAPITAL LINK INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 17 related entities
- Community Health Center Capital Fund · exempt
- Mass League of Community Health Centers · exempt
- Capital Fund Nmtc Cde #2 LLC · partnership
- Capital Fund Nmtc Cde #3 LLC · partnership
- Capital Fund Nmtc Cde #4 LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for CAPITAL LINK INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CAPITAL LINK INC?
- CAPITAL LINK INC (Massachusetts) receives grants from 9 organizations whose IRS filings report $4,700,109 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($3,000,000). 3 of them have funded it in more than one year, and 64% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does CAPITAL LINK INC have?
- IRS filings report 9 organizations giving $4,700,109 in grants to CAPITAL LINK INC, 3 of which have funded it in more than one year.
- Who is the largest funder of CAPITAL LINK INC?
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $3,000,000 in grants. The full list of funders is on this page.
- How can an organization like CAPITAL LINK INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing