Center for Economic Growth

Analysis

Center for Economic Growth is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Center for Economic Growth reported income of $1.3m and spending of $1.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Economic Growth sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Santa Cruz Museum of Natural History ($1.3m), Austin Skyline Foundation ($1.3m) and Community Media Center of Carroll County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. At year end it held assets of $1.5m against liabilities of $280k, net assets of $1.3m.