Capital Region Nordic Association

Analysis

Capital Region Nordic Association is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, 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, Capital Region Nordic Association reported income of $187k and spending of $190k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $187k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Region Nordic Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Artists in Middleburg ($187k), Three Aksha ($187k) and Kithara Project Inc ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $33k against liabilities of $63k, net assets of -$30k.