Capabilities Inc

Analysis

Capabilities Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Capabilities Inc reported income of $2.2m and spending of $2.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.2m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capabilities Inc sits at the 86th percentile: it is larger than about 86% 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 Asian American Educational and Cultural Resources Center Inc ($2.2m), Native360 Loan Fund Inc ($2.3m) and Academy at Glengary Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $3.5m against liabilities of $254k, net assets of $3.3m. It reported 127 employees.