Healthy Capital District Initiative

Analysis

Healthy Capital District Initiative is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthy Capital District Initiative reported income of $1.7m and spending of $2.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.7m (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Healthy Capital District Initiative sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Wendell P Clark Memorial Young Mens Christian Association Inc ($1.7m), The Factory Ministries ($1.7m) and Boys & Girls Brigade Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $166k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $218k, net assets of $2.2m. It reported 32 employees.