What is CCAP?
CCAP Rhode Island stands as the largest nonprofit agency within the state, dedicated to providing a comprehensive suite of support services. Their offerings span medical and dental care, behavioral health counseling, housing assistance, and job training programs, all aimed at empowering low-income residents towards self-sufficiency. With a legacy of over 60 years, CCAP annually impacts the lives of more than 40,000 individuals and families through its multifaceted approach to social services.
How much funding has CCAP raised?
CCAP has raised a total of $4M across 2 funding rounds:
Debt
$1M
Grant
$3M
Debt (2020): $1M with participation from PPP
Grant (2021): $3M led by American Rescue Plan
Key Investors in CCAP
American Rescue Plan
The American Rescue Plan is a government initiative providing significant financial aid and grants to support economic recovery and social programs.
PPP
Public-Private Partnership
What's next for CCAP?
The substantial enterprise-level funding, including the recent strategic investment, indicates a phase of significant growth and operational scaling for CCAP. This capital infusion is likely to bolster their capacity to serve a larger demographic and potentially expand their service offerings. The organization's long-standing history and proven impact suggest a strategic deployment of these resources to further its mission of empowering Rhode Islanders and fostering community well-being.
See full CCAP company page
