Capital Region Classical Inc

Analysis

Capital Region Classical Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Capital Region Classical Inc reported income of $955k and spending of $552k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $179k to $955k (+433%), an average of +75% a year. The sharpest change came in the year to June 2022, when income rose by 198%. Over the whole period it spent 64% 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 Classical Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Goshen Historic Track Inc ($955k), Greater Baltimore Cultural Alliance ($955k) and Las Vegas Natural History Museum ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $148k (27% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.3m against liabilities of $3,103, net assets of $1.3m. It reported 3 employees.