Capital Milestone Child Care Inc

Analysis

Capital Milestone Child Care Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Capital Milestone Child Care Inc reported income of $2.2m and spending of $2.6m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.2m to $2.2m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Milestone Child Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Growing Places Garden Project Inc ($2.2m), Hearing Loss Association of America Inc ($2.2m) and Blaine County Seniors Council Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $847k against liabilities of $245k, net assets of $602k. It reported 94 employees.