Capital Area Peer Services

Analysis

Capital Area Peer Services is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Capital Area Peer Services reported income of $690k and spending of $621k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $642k to $690k (+7.6%), an average of +1.8% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Area Peer Services sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Michael S Foundation Inc ($690k), Turkish American Interculturaleducational Foundation ($690k) and Run for Ukraine ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $345k. At year end it held assets of $1.5m against liabilities of $51k, net assets of $1.4m. It reported 17 employees.