New York, December 8—The Fedcap Group, the parent company for a growing family of top tier nonprofit agencies, today reported its operating and financial results for the fiscal year 2022 ended September 30th. The Fedcap Group is committed to providing services that positively impact the lives of people with barriers to economic well-being, through its network of 23 nonprofit subsidiaries, across the United States, Canada, and the United Kingdom.
“We delivered strong operating and financial results in FY 2022, achieving virtually all contract deliverables and posting an 8.8% year-on-year revenue increase, primarily driven by organic growth,” said Christine McMahon, President and Chief Executive Officer. “Our performance reflects excellent execution on existing contracts and demonstrates how well our expertise and qualifications are aligned with the priorities of funding agencies and the needs of the clients we serve. This past fiscal year has been an exciting period for The Fedcap Group, as we were able to achieve industry-leading outcomes for a greater number of individuals while building out our service platforms in the U.S. and internationally, amplifying the positive impact of our programs.
“In fiscal 2022, we successfully expanded our education and workforce development training capabilities, described below, which provide critical bridges to the economic well-being of the communities we serve.”