Capital District Center for Independence Inc

Analysis

Capital District Center for Independence Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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 September 2023, Capital District Center for Independence Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $875k to $1.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital District Center for Independence Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Court Community Service ($1.2m), Felix Y Manalo Foundation Inc ($1.2m) and Louisiana Home Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Other salaries and wages came to $582k. At year end it held assets of $2.2m against liabilities of $885k, net assets of $1.3m. It reported 23 employees.