Capital Region Chamber Foundation Inc

Analysis

Capital Region Chamber Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3).

In the financial year ending December 2023, Capital Region Chamber Foundation Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $1.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Region Chamber Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include The Forum for Urban Design Inc ($1.2m), Columbia County Christian School Association ($1.2m) and Mansfield University Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $1.3m against liabilities of $1.0m, net assets of $284k.