Capitalize Albany Corporation
Capitalize Albany Corporation: Economic Development with Significant Assets
EIN: 222353905 · Albany, NY · NTEE: S31Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.8M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $19.0M |
| Transparency Score | 85/100 |
Is Capitalize Albany Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capitalize Albany Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capitalize Albany Corporation
Capitalize Albany Corporation (EIN: 222353905) is a nonprofit organization based in Albany, NY, classified under NTEE code S31Z. The organization reported total revenue of $14.8M and total assets of $25.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capitalize Albany Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capitalize Albany Corporation is a large nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $24.8M |
| Total Liabilities | $5.8M |
| Net Assets | $19.0M |
| Operating Margin | 47.0% |
| Debt-to-Asset Ratio | 23.3% |
| Months of Reserves | 145.8 months |
Financial Health Grade: A
In 2023, Capitalize Albany Corporation reported a surplus of $1.8M with revenue exceeding expenses, holds 145.8 months of operating reserves (strong position), has a debt-to-asset ratio of 23.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Capitalize Albany Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -3.1% | +9.6% |
| 2022 | +128.4% | -7.3% | -1.6% |
| 2021 | +5.8% | +1.3% | -4.2% |
| 2020 | -64.7% | +44.6% | -1.0% |
| 2019 | +209.2% | -13.3% | +66.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capitalize Albany Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Capitalize Albany Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filing review.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Capitalize Albany Corporation's IRS 990 filings:
- The organization's liabilities have shown some fluctuation, reaching a high of $8,996,435 in 2019, which warrants further investigation into their nature and repayment schedule.
Strengths
The following positive indicators were identified for Capitalize Albany Corporation:
- Capitalize Albany Corporation consistently maintains substantial assets, reaching $25,025,974, indicating strong financial backing for its mission.
- The organization demonstrates a consistent revenue stream over several years, supporting its ongoing economic development initiatives.
Frequently Asked Questions about Capitalize Albany Corporation
Is Capitalize Albany Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Capitalize Albany Corporation (EIN: 222353905) some concerns. Mission Score: 85/100. 1 red flag identified, 2 strengths noted.
How does Capitalize Albany Corporation spend its money?
Capitalize Albany Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Capitalize Albany Corporation tax-deductible?
Capitalize Albany Corporation is registered as a tax-exempt nonprofit (EIN: 222353905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Capitalize Albany Corporation's spending goes to programs?
Capitalize Albany Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Capitalize Albany Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Capitalize Albany Corporation is above average for NTEE category S31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Capitalize Albany Corporation located?
Capitalize Albany Corporation is headquartered in Albany, New York and files with the IRS under EIN 222353905. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Capitalize Albany Corporation have?
Capitalize Albany Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.8M in total revenue.
What does Capitalize Albany Corporation do?
Capitalize Albany Corporation is a nonprofit organization in the Community Improvement sector, located in Albany, New York. It is classified under NTEE code S31Z.
How much revenue does Capitalize Albany Corporation have?
Capitalize Albany Corporation reported total revenue of $14,839,937. Based on 13 IRS 990 filings on record.
What are Capitalize Albany Corporation's total assets?
Capitalize Albany Corporation holds total assets of $25,025,974 as reported in IRS 990 filings.
Where is Capitalize Albany Corporation located?
Capitalize Albany Corporation is based in Albany, New York.
What is Capitalize Albany Corporation's EIN?
Capitalize Albany Corporation's Employer Identification Number (EIN) is 222353905. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Capitalize Albany Corporation?
Capitalize Albany Corporation is classified under NTEE code S31Z (Community Improvement).
Is Capitalize Albany Corporation a registered 501(c)(3)?
Yes, Capitalize Albany Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222353905.
Does Capitalize Albany Corporation file IRS Form 990?
Yes, Capitalize Albany Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Capitalize Albany Corporation's revenue in 2023?
In the 202312 filing period, Capitalize Albany Corporation reported total revenue of $3,840,269, total expenses of $2,037,210, and net assets of $24,751,088.
Is Capitalize Albany Corporation's revenue growing or declining?
Capitalize Albany Corporation's revenue is declining. Revenue went from $4,760,117 (202212) to $3,840,269 (202312), a -19.3% change. Based on 13 filings on record.
What is Capitalize Albany Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Capitalize Albany Corporation covers tax period 202312. It shows revenue of $3,840,269, expenses of $2,037,210, total assets of $24,751,088, and liabilities of $5,756,280.
How much does Capitalize Albany Corporation spend on programs vs administration?
Based on IRS 990 analysis, Capitalize Albany Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Capitalize Albany Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Capitalize Albany Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 2 strengths noted.
What are the red flags for Capitalize Albany Corporation?
The following concerns were identified: The organization's liabilities have shown some fluctuation, reaching a high of $8,996,435 in 2019, which warrants further investigation into their nature and repayment schedule.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Capitalize Albany Corporation's strengths?
Positive indicators for Capitalize Albany Corporation include: Capitalize Albany Corporation consistently maintains substantial assets, reaching $25,025,974, indicating strong financial backing for its mission.. The organization demonstrates a consistent revenue stream over several years, supporting its ongoing economic development initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Capitalize Albany Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filing review. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset base, what specific long-term projects or endowments are these assets allocated to, and how do they directly contribute to the economic development of Albany?
The provided data shows a substantial asset base, but without detailed breakdowns of asset types (e.g., property, investments, restricted funds), it's unclear how these assets are specifically deployed for long-term economic development projects versus operational reserves. Further review of their audited financial statements would be necessary to understand the composition and strategic allocation of these assets.
Filing History
IRS 990 filing history for Capitalize Albany Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capitalize Albany Corporation's revenue has grown by 210.6%, moving from $1.2M to $3.8M. Total assets increased by 56.9% over the same period, from $15.8M to $24.8M. Total functional expenses rose by 79.6%, from $1.1M to $2.0M. In its most recent filing year (2023), Capitalize Albany Corporation reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $24.8M in assets (debt-to-asset ratio: 23.3%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $2.0M | $24.8M | $5.8M | — | — |
| 2022 | $4.8M | $2.1M | $22.6M | $5.4M | — | — |
| 2021 | $2.1M | $2.3M | $23.0M | $8.1M | — | View 990 |
| 2020 | $2.0M | $2.2M | $24.0M | $9.0M | — | View 990 |
| 2019 | $5.6M | $1.5M | $24.2M | $9.0M | — | View 990 |
| 2018 | $1.8M | $1.8M | $14.5M | $3.4M | — | View 990 |
| 2017 | $1.2M | $1.2M | $14.6M | $3.4M | — | View 990 |
| 2016 | $1.5M | $1.5M | $14.9M | $3.9M | — | View 990 |
| 2015 | $1.4M | $1.5M | $14.8M | $3.8M | — | View 990 |
| 2014 | $2.9M | $1.5M | $15.4M | $4.3M | — | View 990 |
| 2013 | $1.6M | $1.6M | $15.5M | $5.9M | — | View 990 |
| 2012 | $1.6M | $1.4M | $15.6M | $6.1M | — | View 990 |
| 2011 | $1.2M | $1.1M | $15.8M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $2.0M, and assets of $24.8M (revenue -19.3% year-over-year).
- 2022: Revenue of $4.8M, expenses of $2.1M, and assets of $22.6M (revenue +128.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.3M, and assets of $23.0M (revenue +5.8% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.2M, and assets of $24.0M (revenue -64.7% year-over-year).
- 2019: Revenue of $5.6M, expenses of $1.5M, and assets of $24.2M (revenue +209.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $14.5M (revenue +45.8% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $14.6M (revenue -17.9% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $14.9M (revenue +9.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $14.8M (revenue -52.4% year-over-year).
- 2014: Revenue of $2.9M, expenses of $1.5M, and assets of $15.4M (revenue +84.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $15.5M (revenue -0.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $15.6M (revenue +28.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $15.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capitalize Albany Corporation:
Data Sources and Methodology
This transparency report for Capitalize Albany Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.