CAAB works with people living in "asset poverty" no credit histories, no savings accounts. They are single mothers planning to buy their first homes, aspiring entrepreneurs working to launch a business, individuals hoping to rebuild their credit. Classes and coaching cover the basics: managing money, saving, investing, understanding credit scores and financial rights. Matched savings accounts help clients save toward their goals with matches ranging from 2:1 to 5:1 depending on the program. Direct cash transfers to individuals and families with low incomes ($827,918 in 2021) mean they can make decisions in their own best interests on the road to prosperity. CAAB also provides free tax preparation so that people from low- and moderate-income households (4,500 last year) can access the benefits to which they are entitled. In a vital community, everyone has incentives and opportunities to save for the future.

Headquarters: DC-Ward 2

Where They Operate: DC-Citywide; MD-Montgomery County; MD-Prince George's County; VA-Arlington County; VA-Fairfax County; VA-City of Alexandria

Age Groups Served: Young adult (18-24); Adult (25-49); Seniors (50+)

Ethnic Groups Served: African American; Asian American; Caucasian; Latino/Hispanic; Other

Population(s) Served: Low- to Moderate-Income Community Members

Schools They Work In: Maya Angelou Public Charter School, DC Public Library System

Awards & Recognition

CAAB was selected as the local partner for the MoneyWise Financial Empowerment Tour, both for 2011 and 2012.


Budget (FY2023)

  • $3 million or higher
  • The current budget for Capital Area Asset Building Corporation is: $1 million to $3 million
  • $500k to $1 million
  • Less than $500k

Catalogue charities range in size from $100,000 to $3 million. This graphic indicates the budget range of the organization featured here. If you see an organizational budget above the $3 million mark, that is because the featured charity has grown in size since it first appeared in the Catalogue. We proudly present on our website the work of these "growth" charities.

About Spur Local

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