Healthy Capital District Initiative

Is Healthy Capital District Initiative Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Healthy Capital District Initiative directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Healthy Capital District Initiative

Healthy Capital District Initiative (EIN: 100000023) is a nonprofit organization based in Albany, NY, classified under NTEE code O50. The organization reported total revenue of $2.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthy Capital District Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Healthy Capital District Initiative with a Mission Score of 88 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: 85%
• fundraising: 5%

According to IRS 990 filings, Healthy Capital District Initiative allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to programs or that executive roles are filled by volunteers or compensated through other means not reported as officer compensation.

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 Healthy Capital District Initiative's IRS 990 filings:

• Expenses exceeded revenue in the most recent 2023 filing ($2,068,567 vs. $1,708,277), indicating a deficit for that period.

Strengths

The following positive indicators were identified for Healthy Capital District Initiative:

• Consistent asset growth over the past decade, from $611,231 in 2014 to $2,450,430 in 2023.
• Zero reported officer compensation across all filings, suggesting high efficiency and dedication to mission.
• Strong history of regulatory compliance with 13 IRS 990 filings.
• Relatively low and stable liabilities compared to assets, indicating good financial stability.

Frequently Asked Questions about Healthy Capital District Initiative

Filing History

IRS 990 filing history for Healthy Capital District Initiative showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Healthy Capital District Initiative's revenue has grown by 85.7%, moving from $920K to $1.7M. Total assets increased by 618.2% over the same period, from $341K to $2.5M. Total functional expenses rose by 138.7%, from $867K to $2.1M. In its most recent filing year (2023), Healthy Capital District Initiative reported a deficit of $360K, with expenses exceeding revenue. The organization holds $218K in liabilities against $2.5M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $2.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.7M, expenses of $2.1M, and assets of $2.5M (revenue -18.9% year-over-year).
• 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $2.6M (revenue +9.9% year-over-year).
• 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $2.7M (revenue +14.5% year-over-year).
• 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $2.7M (revenue -45.6% year-over-year).
• 2019: Revenue of $3.1M, expenses of $2.1M, and assets of $2.5M (revenue +23.2% year-over-year).
• 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $1.6M (revenue +4.1% year-over-year).
• 2017: Revenue of $2.4M, expenses of $2.1M, and assets of $1.2M (revenue +18.2% year-over-year).
• 2016: Revenue of $2.0M, expenses of $1.8M, and assets of $915K (revenue +13.4% year-over-year).
• 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $685K (revenue +27.4% year-over-year).
• 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $611K (revenue +61.1% year-over-year).
• 2013: Revenue of $872K, expenses of $870K, and assets of $373K (revenue -0.2% year-over-year).
• 2012: Revenue of $874K, expenses of $824K, and assets of $417K (revenue -5.0% year-over-year).
• 2011: Revenue of $920K, expenses of $867K, and assets of $341K.

Data Sources and Methodology

This transparency report for Healthy Capital District Initiative 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.