Capital Region Geriatric Center Inc

Analysis

Capital Region Geriatric Center Inc is a registered charity in United States, based in Cohoes, NY. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capital Region Geriatric Center Inc reported income of $22.9m and spending of $25.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.7m to $22.9m (-14%), an average of -3.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital Region Geriatric Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Mel Trotter Ministries ($22.9m), Hospice of East Texas ($22.9m) and Pro-Youth ($22.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $12.9m. At year end it held assets of $39.7m against liabilities of $19.0m, net assets of $20.8m. It reported 357 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.