The Community Foundation For The Greater Capital Region Inc
Community Foundation maintains strong asset base despite fluctuating annual revenues and occasional operating deficits.
EIN: 141505623 · Albany, NY · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.1M |
| Total Expenses | $10.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $110M |
| Net Assets | $105.9M |
| Transparency Score | 88/100 |
Is The Community Foundation For The Greater Capital Region Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Community Foundation For The Greater Capital Region Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Community Foundation For The Greater Capital Region Inc
The Community Foundation For The Greater Capital Region Inc (EIN: 141505623) is a nonprofit organization based in Albany, NY, classified under NTEE code T31. The organization reported total revenue of $27.1M and total assets of $119.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Community Foundation For The Greater Capital Region Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Community Foundation For The Greater Capital Region Inc is a large nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $10.4M |
| Surplus / Deficit | $-1,451,356 |
| Total Assets | $110.5M |
| Total Liabilities | $4.6M |
| Net Assets | $105.9M |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 127.3 months |
Financial Health Grade: B
In 2023, The Community Foundation For The Greater Capital Region Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 127.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Community Foundation For The Greater Capital Region Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.7% | +22.1% | +9.6% |
| 2022 | -52.8% | -7.9% | -16.2% |
| 2021 | +190.7% | -19.1% | +25.6% |
| 2020 | +0.6% | +46.9% | +6.9% |
| 2019 | -25.7% | -42.2% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 The Community Foundation For The Greater Capital Region Inc 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, The Community Foundation For The Greater Capital Region Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size and asset base ($110M+). This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 The Community Foundation For The Greater Capital Region Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and asset base, potentially obscuring executive remuneration details without further investigation of full 990 forms.
Strengths
The following positive indicators were identified for The Community Foundation For The Greater Capital Region Inc:
- Strong and growing asset base, reaching $110,463,310 in 2023, indicating long-term financial stability.
- Low liabilities relative to assets (e.g., $4,605,129 liabilities vs. $110,463,310 assets in 2023), demonstrating strong solvency.
- Consistent IRS 990 filing history over 13 periods, indicating transparency and compliance.
- Significant revenue generation, with a peak of $24,885,752 in 2021, enabling substantial philanthropic activity.
Frequently Asked Questions about The Community Foundation For The Greater Capital Region Inc
Is The Community Foundation For The Greater Capital Region Inc a legitimate charity?
The Community Foundation For The Greater Capital Region Inc (EIN: 141505623) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $27.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Community Foundation For The Greater Capital Region Inc spend its money?
The Community Foundation For The Greater Capital Region Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Community Foundation For The Greater Capital Region Inc tax-deductible?
The Community Foundation For The Greater Capital Region Inc is registered as a tax-exempt nonprofit (EIN: 141505623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Community Foundation For The Greater Capital Region Inc CEO make?
The Community Foundation For The Greater Capital Region Inc's highest-compensated officer earns $110M annually. The organization reported $27.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Community Foundation For The Greater Capital Region Inc's spending goes to programs?
The Community Foundation For The Greater Capital Region Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Community Foundation For The Greater Capital Region Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Community Foundation For The Greater Capital Region Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Community Foundation For The Greater Capital Region Inc located?
The Community Foundation For The Greater Capital Region Inc is headquartered in Albany, New York and files with the IRS under EIN 141505623. It is classified under NTEE code T31.
How many years of IRS 990 filings does The Community Foundation For The Greater Capital Region Inc have?
The Community Foundation For The Greater Capital Region Inc 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 $27.1M in total revenue.
Is The Community Foundation For The Greater Capital Region Inc a good charity?
Based on the available data, the organization appears to be a financially sound community foundation with substantial assets ($110M+ in 2023) and a consistent history of IRS 990 filings. The reported 0% officer compensation is a notable positive for efficiency, though it warrants further inquiry into how leadership is compensated or structured. Its primary function as a community foundation is to facilitate philanthropy, which it seems to do effectively through its asset management.
How does the organization manage its expenses when revenue is lower than expenses?
In periods like 2023 (Revenue=$8,960,281, Expenses=$10,411,637) and 2018 (Revenue=$11,447,226, Expenses=$13,476,617), the organization spent more than it brought in. As a community foundation with significant assets (e.g., $110M+ in 2023), it likely draws from its endowment or accumulated reserves to cover these operational deficits and continue its grant-making activities.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization managing over $100 million in assets. It could indicate a volunteer board and executive leadership, or that compensation for key personnel is categorized differently (e.g., as staff salaries rather than officer compensation), or that the organization relies on an external entity for management services. This aspect would require reviewing the full 990 forms for clarification.
Filing History
IRS 990 filing history for The Community Foundation For The Greater Capital Region Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Community Foundation For The Greater Capital Region Inc's revenue has grown by 36.9%, moving from $6.5M to $9.0M. Total assets increased by 127.1% over the same period, from $48.6M to $110.5M. Total functional expenses rose by 150.7%, from $4.2M to $10.4M. In its most recent filing year (2023), The Community Foundation For The Greater Capital Region Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $110.5M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $105.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $10.4M | $110.5M | $4.6M | — | — |
| 2022 | $11.7M | $8.5M | $100.8M | $3.7M | — | View 990 |
| 2021 | $24.9M | $9.3M | $120.2M | $4.4M | — | View 990 |
| 2020 | $8.6M | $11.4M | $95.7M | $4.8M | — | — |
| 2019 | $8.5M | $7.8M | $89.5M | $3.7M | — | View 990 |
| 2018 | $11.4M | $13.5M | $76.3M | $3.3M | — | View 990 |
| 2017 | $12.2M | $6.4M | $88.9M | $3.8M | — | View 990 |
| 2016 | $18.6M | $6.6M | $77.4M | $3.7M | — | View 990 |
| 2015 | $9.5M | $7.7M | $63.3M | $4.1M | — | View 990 |
| 2014 | $8.4M | $5.4M | $64.5M | $3.9M | — | View 990 |
| 2013 | $11.2M | $5.7M | $63.8M | $2.9M | — | View 990 |
| 2012 | $9.9M | $4.9M | $58.4M | $2.7M | — | View 990 |
| 2011 | $6.5M | $4.2M | $48.6M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $10.4M, and assets of $110.5M (revenue -23.7% year-over-year).
- 2022: Revenue of $11.7M, expenses of $8.5M, and assets of $100.8M (revenue -52.8% year-over-year).
- 2021: Revenue of $24.9M, expenses of $9.3M, and assets of $120.2M (revenue +190.7% year-over-year).
- 2020: Revenue of $8.6M, expenses of $11.4M, and assets of $95.7M (revenue +0.6% year-over-year).
- 2019: Revenue of $8.5M, expenses of $7.8M, and assets of $89.5M (revenue -25.7% year-over-year).
- 2018: Revenue of $11.4M, expenses of $13.5M, and assets of $76.3M (revenue -6.5% year-over-year).
- 2017: Revenue of $12.2M, expenses of $6.4M, and assets of $88.9M (revenue -34.2% year-over-year).
- 2016: Revenue of $18.6M, expenses of $6.6M, and assets of $77.4M (revenue +95.4% year-over-year).
- 2015: Revenue of $9.5M, expenses of $7.7M, and assets of $63.3M (revenue +13.9% year-over-year).
- 2014: Revenue of $8.4M, expenses of $5.4M, and assets of $64.5M (revenue -25.2% year-over-year).
- 2013: Revenue of $11.2M, expenses of $5.7M, and assets of $63.8M (revenue +12.8% year-over-year).
- 2012: Revenue of $9.9M, expenses of $4.9M, and assets of $58.4M (revenue +51.1% year-over-year).
- 2011: Revenue of $6.5M, expenses of $4.2M, and assets of $48.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Community Foundation For The Greater Capital Region Inc:
Data Sources and Methodology
This transparency report for The Community Foundation For The Greater Capital Region Inc 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.