The Community Foundation for the Greater Capital Region Inc

Analysis

The Community Foundation for the Greater Capital Region Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Community Foundation for the Greater Capital Region Inc reported income of $9.0m and spending of $10.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $9.0m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation for the Greater Capital Region Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Findlay-Hancock County Community Foundation ($8.9m), Southeast Land Trust of New Hampshire ($9.0m) and Greater Lafayette Community Foundation ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $396k (3.8% of expenses). Other salaries and wages came to $600k. At year end it held assets of $110.5m against liabilities of $4.6m, net assets of $105.9m. It reported 12 employees.