Umbrella of the Capital District Inc

Analysis

Umbrella of the Capital District Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Umbrella of the Capital District Inc reported income of $244k and spending of $253k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $244k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Umbrella of the Capital District Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Heart of Georgia DD Ministries Inc ($244k), Putnam Service Dogs Inc ($244k) and Sellers Senior Center Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $147k. At year end it held assets of $196k against liabilities of $2,605, net assets of $193k. It reported 7 employees.